Crypto

March 5, 2024

Dear. God. Those. Liquid. Ations.

When bulls get liquidated, bears get excited. When bears get liquidated, bulls get excited. 😁

I have no idea what happens when everyone gets liquidated. From Glassnode’s Liquidation Heatmap, here’s this insane look.

A Moment Of Silence For All Of These People – Click to enlarge.

$251.81 million in longs liquidated, $295.7 million in shorts liquidated.

So as I was writing the text above, I thought I better check to see how much worse things are. The image above is from around 0900 EST. Sweet-Mrs.-Butterworth-on-my-waffles things got worse: 

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OMG IT’S SO MUCH WORSE – Click to enlarge. If you want to.

Almost 200,000 traders flushed. $476.7 million longs and $286.4 million shorts liquidated. $713 Million Total. 😵

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