KuCoin is a trusted crypto exchange to buy, sell, and trade Bitcoin, Ethereum, and 1000+ altcoins—powering secure access to the Web3 economy.

Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin

<p>💥 $403.58M in leveraged crypto longs were liquidated in one hour as $BTC slid from ~$85,500 to ~$83,800

📊 Longs were 97% of the $415M total, so it was a one-sided flush
📊 $ETH longs took the biggest hit at $155.12M, ahead of $BTC's $115.73M
📊 But it equals only ~0.27% of open interest, which still sits at $150.24B, so most leverage survived
Reset or warning? Bulls say the flush cleared over-leveraged longs. Bears note another forced-selling burst is still possible.
Supporting the bulls: wallets holding 100-1,000 $BTC added 113,950 $BTC between mid-July and late September (Santiment)
#Bitcoin #Liquidations #Crypto</p>

💥 $403.58M in leveraged crypto longs were liquidated in one hour as $BTC slid from ~$85,500 to ~$83,800
📊 Longs were 97% of the $415M total, so it was a one-sided flush
📊 $ETH longs took the biggest hit at $155.12M, ahead of $BTC's $115.73M
📊 But it equals only ~0.27% of open interest, which still sits at $150.24B, so most leverage survived
Reset or warning? Bulls say the flush cleared over-leveraged longs. Bears note another forced-selling burst is still possible.
Supporting the bulls: wall

💥 $403.58M in leveraged crypto longs were liquidated in one hour as $BTC slid from ~$85,500 to ~$83,800 📊 Longs were 97% of the $415M total, so it was a one-sided flush 📊 $ETH longs took the biggest hit at $155.12M, ahead of $BTC's $115.73M 📊 But it equals only ~0.27% of open interest, which still sits at $150.24B, so most leverage survived Reset or warning? Bulls say the flush cleared over-leveraged longs. Bears note another forced-selling burst is still possible. Supporting the bulls: wallets holding 100-1,000 $BTC added 113,950 $BTC between mid-July and late September (Santiment) #Bitcoin #Liquidations #Crypto

Comment