Just checked the on-chain data—here are a few hard truths 🧐



Bitcoin and Ethereum: Longs are slightly higher than shorts, and the sentiment is okay—not exactly out of control.

But things are a bit off on the altcoin side:

SOL, XRP, ZEC—there are more shorts, and everyone clearly isn’t that willing to hold.

Now look at the liquidations 👇

ETH liquidated 770,000 USD, and 600,000 of that were long liquidations → Those who chased longs got wiped out.

SUI is even wilder—liquidated 730,000 USD, with 610,000 coming from shorts → Someone violently pumped the market and blew up the short side; this kind of move is the easiest way to scare off funds.

SOL and LAYER also saw more long liquidations.

So my feeling is:

Altcoins have been choppy lately and love to liquidate—too much risk. Some money has already started moving into Bitcoin and Ethereum; best to avoid the storm for now.

$ETH
ETH0.78%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin