Total liquidated in 24 hours: 1.02 billion USD

CryptoNAI · 2024-12-20T00:33:25+00:00

1. Overview of order liquidation• Total liquidations in 24 hours: 1.02 billion USD, including:• Longs being liquidated: 860.5 million USD.• Shorts liquidated: 164.4 million USD.Comment:• The majority of liquidation orders are Longs, indicating a strong downward trend that causes Long orders to be 'wiped out' due to rapid price declines.• This is a sign of a market under strong selling pressure.2. Analysis of liquidation according to the time frame• 1 hour closest:• Total liquidation: 32.9 million USD.• Liquidation of Longs: 31 million USD (majority share).• Liquidating Shorts: $1.9 million.• 12 hours ago:• Liquidate Longs: 642.9 million USD.• Liquidation of Shorts: 101 million USD.Review:• The main trend of liquidation is the Long orders, indicating that the market is experiencing a significant price drop and many traders are unable to close their positions before the sharp decline.3. Long/Short ratio• BTC (Bitcoin):• Long/Short Ratio: 48.18% Long vs. 51.82% Short.• The number of Short orders is dominant, reflecting a slight bearish sentiment towards BTC.• ETH (Ethereum):• Long/Short Ratio: 47.59% Long vs. 52.41% Short.• Similar to BTC trend, the market still tends to decrease in price.• FIL (Filecoin):• Previous data shows a dominant Short ratio, which is consistent with large Long liquidation orders in the past 24 hours.4. Trading strategy based on liquidation data and Long/ShortScenario 1: The market continues to decline• With the majority of liquidations occurring in Long orders and a high Short ratio, the downward trend may continue.• Action:• Consider opening a Short order when the price breaks through important support or when the Short ratio continues to rise.• Set the stop loss level at the nearest resistance level to protect the position.Scenario 2: Short squeeze potential• If the Short ratio becomes too high, there is a possibility that the market will create a Short squeeze, pushing the price up in the short term.• Action:• Consider opening a Long position if the price surpasses the important resistance with large trading volume.• Set stop loss below the nearest support.5. Notes when trading• Tracking liquidation fluctuations: Liquidation fluctuations (especially from Long or Short orders) often lead to significant price fluctuations.• Trading volume: If the trading volume increases dramatically along with a high Short ratio, a Short squeeze may occur.• Risk management: Due to the high market volatility, it is necessary to use tight stop-loss levels and proper capital management.

CryptoNAI

2024-12-20 00:33:25

Overview of order liquidation • Total liquidations in 24 hours: 1.02 billion USD, including: • Longs being liquidated: 860.5 million USD. • Shorts liquidated: 164.4 million USD. Comment: • The majority of liquidation orders are Longs, indicating a strong downward trend that causes Long orders to be 'wiped out' due to rapid price declines. • This is a sign of a market under strong selling pressure.
Analysis of liquidation according to the time frame • 1 hour closest: • Total liquidation: 32.9 million USD. • Liquidation of Longs: 31 million USD (majority share). • Liquidating Shorts: $1.9 million. • 12 hours ago: • Liquidate Longs: 642.9 million USD. • Liquidation of Shorts: 101 million USD. Review: • The main trend of liquidation is the Long orders, indicating that the market is experiencing a significant price drop and many traders are unable to close their positions before the sharp decline.
Long/Short ratio • BTC (Bitcoin): • Long/Short Ratio: 48.18% Long vs. 51.82% Short. • The number of Short orders is dominant, reflecting a slight bearish sentiment towards BTC. • ETH (Ethereum): • Long/Short Ratio: 47.59% Long vs. 52.41% Short. • Similar to BTC trend, the market still tends to decrease in price. • FIL (Filecoin): • Previous data shows a dominant Short ratio, which is consistent with large Long liquidation orders in the past 24 hours.
Trading strategy based on liquidation data and Long/Short Scenario 1: The market continues to decline • With the majority of liquidations occurring in Long orders and a high Short ratio, the downward trend may continue. • Action: • Consider opening a Short order when the price breaks through important support or when the Short ratio continues to rise. • Set the stop loss level at the nearest resistance level to protect the position. Scenario 2: Short squeeze potential • If the Short ratio becomes too high, there is a possibility that the market will create a Short squeeze, pushing the price up in the short term. • Action: • Consider opening a Long position if the price surpasses the important resistance with large trading volume. • Set stop loss below the nearest support.
Notes when trading • Tracking liquidation fluctuations: Liquidation fluctuations (especially from Long or Short orders) often lead to significant price fluctuations. • Trading volume: If the trading volume increases dramatically along with a high Short ratio, a Short squeeze may occur. • Risk management: Due to the high market volatility, it is necessary to use tight stop-loss levels and proper capital management.

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