Bykaranteli

Traders betting higher just lost $180.3M of leveraged positions in an hour, against $2.0M for those betting lower. Almost all of it landed in the last 30 minutes, with $BTC touching a session low of $66.8K.

No coin on our board charges bettors on a fall more than $TRX on Nov 13, with shorts paying longs a -0.03% funding rate. Open positions still grew 5.28% in 24 hours, so more money sits in a market where shorts foot that bill.

Calls made up 68% of the $4.34B in $BTC options settling Nov 13 at 08:00 UTC, yet spot traded below $73,250, the strike where option holders as a group lose the most.

Leveraged buyers took 87.5% of Nov 12's forced closures, on a day that ran above its 7 day average. On $BTC alone, $153.1M of longs were closed against $7.5M of shorts.

ETH fell 4.2% in the last hour to 1,926, and is down 6.4% over 24h. 100.1M longs were liquidated versus 1.5M shorts, while funding at +0.005% still showed a long crowded market getting flushed. $ETH

467.5M dollars were liquidated across 1093 symbols in the last 60 minutes, with 352.2M from longs and 115.3M from shorts, or 75 percent longs. $BTC

Short sellers took 60% of a fresh liquidation wave across crypto, yet $BTC ran the other way. $45.8M of Bitcoin longs were just forced shut against $344.0K of shorts, and $ETH showed the same lopsided split.

Fear just went extreme across crypto. The Fear and Greed index crossed into its extreme fear zone at 20, a reading built from how the crowd is trading and talking about the market. $BTC

Down 11.67% in 14 days, and $BTC still counts 3.14 long accounts for every short one, near the top of its 14 day range. Market sellers outran buyers by 6,823 BTC over 24 hours, the flow running against that long crowd.

Quarterly $BTC futures still price in a +5.98% yearly premium over spot, yet Coinbase, where US buyers trade, kept Bitcoin under the global price. Nov 11 closed at -0.118%, the 68th day in a row on the discount side.

Redemptions from US spot $BTC funds ran to a fifth straight session on Nov 11, and IBIT alone carried -$269.7M of the group's -$299.9M. Across those five sessions, -$1.44B left the funds.

Ten big coins fell over the 24 hours to Nov 12, and only on $AVAX did traders open more futures bets than they closed, up 0.67%. The new money there leans short. $LTC led the unwind, with open bets at -4.13%.

Bets on a higher $ETH price just got forced out across the major venues, $6.2M of them in 30 minutes. The other side came through almost untouched, with only $42.1K of short positions closed.