10-27-2021, 02:56 PM
+500 million in liquidations tonight
<!-- SC_OFF --><div class="md"><p>~840 million last 24 hr</p> <p>~500 million last 1 hour</p> <blockquote> <p><a href="https://www.bybt.com/LiquidationData">https://www.bybt.com/LiquidationData</a></p> </blockquote> <p>one long alone got liquidated for 130 million ETH</p> <blockquote> <p><a href="https://twitter.com/hsakatrades/status/1453277837897699335?s=21">https://twitter.com/hsakatrades/status/1453277837897699335?s=21</a></p> </blockquote> <p>then masses stop-losses go off and it’s in free fall</p> <p>and likely bigger triggering limit buys (plus dip buyers) and we got the 1 hour crash and bump</p> <p>still pretty crazy that so much liquidated but primarily in BTC and ETH but they likely held a lot of alts too and all hit the market at once in the middle of the night with mostly just — with kor traders busy with 1inch lol — limit buys to pick up the slack</p> <p>edit: worth emphasizing for clarity it was bulls not bears — leveraged longs. i also comment a eli5 below</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/s1n0d3utscht3k"> /u/s1n0d3utscht3k </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qgsd5r/500_million_in_liquidations_tonight/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qgsd5r/500_million_in_liquidations_tonight/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>~840 million last 24 hr</p> <p>~500 million last 1 hour</p> <blockquote> <p><a href="https://www.bybt.com/LiquidationData">https://www.bybt.com/LiquidationData</a></p> </blockquote> <p>one long alone got liquidated for 130 million ETH</p> <blockquote> <p><a href="https://twitter.com/hsakatrades/status/1453277837897699335?s=21">https://twitter.com/hsakatrades/status/1453277837897699335?s=21</a></p> </blockquote> <p>then masses stop-losses go off and it’s in free fall</p> <p>and likely bigger triggering limit buys (plus dip buyers) and we got the 1 hour crash and bump</p> <p>still pretty crazy that so much liquidated but primarily in BTC and ETH but they likely held a lot of alts too and all hit the market at once in the middle of the night with mostly just — with kor traders busy with 1inch lol — limit buys to pick up the slack</p> <p>edit: worth emphasizing for clarity it was bulls not bears — leveraged longs. i also comment a eli5 below</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/s1n0d3utscht3k"> /u/s1n0d3utscht3k </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qgsd5r/500_million_in_liquidations_tonight/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qgsd5r/500_million_in_liquidations_tonight/">[comments]</a></span>Kind Regards R