24H Liquidations $498M: Medium-High Deleveraging🔥


Coinglass data: Total $497.65M liquidated (130k+ traders), above recent average.

Key Breakdown:
- $BTC $156.6M + $ETH $120.5M (over 55%)
- Shorts $265.6M > Longs $232M → Short squeeze in play 📈

Trading Implications:
- Healthy washout: Clears excessive leverage and reduces systemic risk.
- Short-term bullish bias as floating positions decrease.
- Caution: Overall leverage remains elevated — reversal risk still present.
#GateSquareMayTradingShare
#JaneStreetReducesBitcoinETFHoldings
#DailyPolymarketHotspot
BTC-2.24%
ETH-2.21%
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