In the Past 24 Hours: 245,449 Traders Were Liquidated, Totaling $533.29M in Losses - Is the Bull Run Is Over?
Bull run is over /s
According to coinglass symbol liquidation heatmap, in the past 24 hours, 245,449 traders were liquidated, totaling $533.29 Millions in losses. Also the largest single liquidation order happened on Binance ETHUSDT with $11.84 million liquidation (pocket money xD).
As we can see in the image above altcoins (Others) are the ones that got hit harder with $109.99M in losses followed by ETH with $98.50M and then BTC with $91.77M.
Liquidation Heatmap by Exchanges
In the heatmap above, we can see the liquidation heatmap by exchanges. In this one we can see that Binance is leading with $220.50M losses followed by OKX with 4108.84M and Bybit with $102.54M.
As we can see, ETH is back to the $3000 support that is holding for now. Let see if market rebounds and make this support even stronger.
I believe this movements and high volatility is related to the tariff wars I talked you about in previous posts. This generates an insane volatility because of uncertainty and a single bad or good news can move the market in a different direction.
The good news is that this is crypto and we signed for this roller coaster and the other good news is that this is not crypto related, this is macro economics so just enjoy the ride, buy more if you can and dont let the FUD, the fear to affect your strategy. If you need to something to get calm, check crypto adoption metrics and where is headed. Also check market cycles that are sacred. Patience and good luck!