Bitman on Nostr: Approximately $27 million in sold contracts were liquidated during this morning’s ...
Approximately $27 million in sold contracts were liquidated during this morning’s upward movement.
However, “only” $11 million in buy contracts were liquidated during the reversal in the following hour.
This indicates that short traders are opening positions near the current price, while buyers are holding from lower price levels.
Either way, it seems like the volatility is set to continue.
Published at
2024-10-15 16:46:00Event JSON
{
"id": "840258aab6636a9fac90768424222fda5a735d586d99ad29d07c8d2c013b901e",
"pubkey": "129f51895d12ab3c9cdc26cb22bdbb9de918e5f1cff98943f3860ef53a441803",
"created_at": 1729010760,
"kind": 1,
"tags": [],
"content": "Approximately $27 million in sold contracts were liquidated during this morning’s upward movement.\n\nHowever, “only” $11 million in buy contracts were liquidated during the reversal in the following hour.\n\nThis indicates that short traders are opening positions near the current price, while buyers are holding from lower price levels.\n\nEither way, it seems like the volatility is set to continue.\n\nhttps://image.nostr.build/345080c10ca73d202db942acd716d1dff8a5a2b6298e85009a00237792bb3f62.jpg",
"sig": "3038565dc53a952fef0e6321b31e5164c5af91d146e6ac5c310e216b79710e8f5bde64e21510030355d250960aea507e2c524888de3f35495e3aa9995b090e09"
}
