πΈπ€― Over $3 billion liquidated from the crypto market in the past 60 minutes.
CRYPTO - MAGAZINE
πΈπ€― Over $3 billion liquidated from the crypto market in the past 60 minutes.
π«£ In the last hour alone, $7.55 billion were liquidated
π¨ #BTC CQ: Classic Arbitrage Opportunity
> Buy 1 BTC on Binance
> Send it to Coinbase
> Sell 1 BTC on Coinbase for $900 more
> Repeat
Profit = $900 β network fees β 2Γ trading fees
Simple. Effective. Free alpha.
> Buy 1 BTC on Binance
> Send it to Coinbase
> Sell 1 BTC on Coinbase for $900 more
> Repeat
Profit = $900 β network fees β 2Γ trading fees
Simple. Effective. Free alpha.
CRYPTO - MAGAZINE
π¨ #BTC CQ: Classic Arbitrage Opportunity > Buy 1 BTC on Binance > Send it to Coinbase > Sell 1 BTC on Coinbase for $900 more > Repeat Profit = $900 β network fees β 2Γ trading fees Simple. Effective. Free alpha.
ππ #BTC CQ: Prices on other exchanges dipped more than on Coinbase. The price on HTX fell below $102k at the lows. The Coinbase premium continues to be quite high.
π’𧨠#BTC CQ: Trump was the catalyst, but leverage is the real fragility underneath it all.
Altcoin OI: -28.58B (-41%)
Bitcoin OI: -10.69B (-24%)
This is a Covid-19 style wipeout.
Altcoin OI: -28.58B (-41%)
Bitcoin OI: -10.69B (-24%)
This is a Covid-19 style wipeout.
ππ #BTC Liquidation Heatmap (3 month)
A large liquidity cluster is forming around $110K, suggesting this could be the next key magnet for price action.
A large liquidity cluster is forming around $110K, suggesting this could be the next key magnet for price action.
πΊπΈ Trump: meeting with Xi Jinping hasn't been canceled, may still meet with him. #tradewars
π° #BTC Over the past 24 hours, ~$19.30 billion worth of contracts have been liquidated, of which longs have liquidated ~$16.81 billion and shorts ~$2.49 billion - the largest liquidation in the history of the crypto market - nearly 20 times the March 2020 covidodump.
ππ #ZEC is up over 9% in the past 24 hoursβdespite the biggest liquidation event in crypto history having taken place.
ππ #BTC CQ: In the last few hours, 36,700 Bitcoin / $4.1 billion were sent to exchanges at a loss.
They may have contributed to the selling pressure, but the main trigger was clearly the liquidations, which completely dragged the market into the abyss.
They may have contributed to the selling pressure, but the main trigger was clearly the liquidations, which completely dragged the market into the abyss.