Post
Rehan Trader46
The rally looks impressive, but liquidation data suggests a different story.
$BTC saw $33.74M in short liquidations compared to just $6.7M in longs, pointing to a short squeeze rather than strong organic buying pressure.
$ETH followed the same trend, with $34.87M in short positions wiped out. Forced buying fueled the upside, but genuine spot demand is still unconfirmed.
$CORE highlighted how quickly momentum can reverse, with both long and short positions getting liquidated.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$75,797.8+0.00%
ETH/USDTEthereum
$2,235.99+0.00%
SOL/USDTSolana
$89.35+0.00%
Today’s market buzz
1#USJobsBeatExpectations
2#TechStocksReboundWatch
3#BTCETFOutflows416M
