Crypto Liquidations Hit $698M With Long Squeezes Clouding Uptober Outlook
Crypto liquidations over the last 24 hours were reported at just under $700 million, with long positions making up most of the total. Ether saw more liquidations than Bitcoin, and one piece also noted a sharp drop in BTC funding rates during the same period.
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Traders using leveraged crypto positions are the group that would notice this first, because the liquidations were concentrated in longs over a single day. Ether traders would also see a larger liquidation footprint than Bitcoin traders in that window.
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Crypto Economy
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Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | BTC a 1.152e+05 $ high | today it sits -29.1 % from there |
| 4 months ago | BTC a 5.857e+04 $ low | today it sits +39.5 % from there |
From what we have stored, starting 1.0 years ago.