Huge Crypto Futures Liquidation: $183 Million Disappears in Just One Hour
Massive Liquidation Event: The cryptocurrency market experienced a significant liquidation of $183 million in crypto futures within an hour, contributing to a total of $390 million liquidated over 24 hours, highlighting the volatility of digital asset trading.
Understanding Liquidation: Crypto futures liquidation occurs when a trader's leveraged position is forcibly closed by an exchange due to insufficient margin, often triggered by sudden price movements and over-leveraged positions.
Market Dynamics: Factors such as sudden price swings, market sentiment shifts, and strategic actions by large players can lead to rapid liquidations, emphasizing the need for traders to be aware of market conditions.
Risk Management Strategies: To navigate the risks of liquidation, traders should manage leverage wisely, implement stop-loss orders, diversify their portfolios, stay informed about market news, and practice emotional discipline in their trading decisions.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36072.728 | 48036.364 | 60342.748 | 72306.384 | 84612.768 | 96576.404 | 108882.788 |
| Fibonacci | 48036.364 | 57307.512 | 63035.236 | 72306.384 | 81577.532 | 87305.256 | 96576.404 |
About BTC
About the author






