THE "FROZEN" MARKET AND THE DERIVATIVE CASH FLOW ARE GASPING UNDER THE 100 MILLION USD THRESHOLD!
Updated early Monday morning, after a series of stormy days that brought the crowd's sentiment crashing down to the depths of despair, the derivative front suddenly plunged into a frightening stillness.
The liquidation map is almost completely "turned off"!
📊 Extracting the Freezing of Derivative Cash Flow:
- The total liquidation value across the market in the past 24 hours only squeezed in at 97.69 million USD.
For a fiery market accustomed to billion-dollar nets, this figure below 100 million USD indicates that derivative liquidity is severely depleted.
- Despite occupying the largest area on the map, the liquidation volumes of $ETH and $BTC are extremely modest, only hovering around 24.21 million USD and 21.32 million USD.
- Despite the narrow fluctuation range, the Long side still suffers slightly more with 69.40 million USD wiped out, while the Short side only lost about 28.29 million USD.
- Notably, the largest single liquidation order does not belong to $BTC or ETH, but instead falls on the BCHUSDT trading pair on Binance with a value of 2.15 million USD.
💡 Personal Perspective:
- The "freezing" of the liquidation map is the inevitable consequence of the psychological picture hitting the 9 mark.
- At this point, the crowd has completely paralyzed. The Long forces no longer dare to risk pumping in armor to catch the bottom, while the Short side is also not foolish enough to pile on short selling orders right at the price level where the "whales" and institutions are tirelessly accumulating.
- In technical analysis, a market free from leverage is often a perfect "reset" signal of a cycle.