At the moment of the monthly closing, over 200 million USD in long positions were instantly liquidated. This wave occurred precisely at 12:00 AM GMT, with the timing being quite accurate.
The market is currently facing a critical question: is this just the removal of the first layer of liquidity, or will Bitcoin continue to dip into the range of $85,000 to $86,000, wiping out all liquidity?
I previously mentioned a point - if it breaks below the EMA10 moving average, there's a high probability that the 86k position will be seen again. From a technical perspective, this moving average is indeed an important watershed. At this juncture, it will either stop falling and rebound, or continue to look for support downwards.
The trend in the next few days will be crucial, especially to see if the current price range can be maintained.
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MeaninglessGwei
· 15h ago
It's midnight harvesting again, this skill is really something.
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LiquidatedAgain
· 12-01 13:33
Once again, I've been liquidated, 200 million dollars just like that. I just want to know who the next unlucky one is.
Can 86k really hold this time? I bet five dimes it won't fall.
I've seen too many liquidations at the right moment, and every time someone says it's just a coincidence... Ha.
If EMA10 breaks, it's game over. A bloody lesson for everyone.
Midnight sharp? What a ruthless market maker this is. I'm even scared to look at the Candlestick now.
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MevTears
· 12-01 04:46
200 million? Ha, it's this trap again, GMT will play people for suckers right at midnight, anyone with clear eyes can see it.
If 86k really comes, I'll trap it until the end of time.
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Layer3Dreamer
· 12-01 04:37
theoretically speaking, if we model this liquidation cascade as a recursive state verification problem... $200m evaporating at midnight GMT hits different when you consider the interoperability vectors across exchanges. that precision timing screams coordinated liquidity hunting to me.
Reply0
SelfCustodyBro
· 12-01 04:28
200 million dollars disappeared in an instant, this rhythm is incredible, I love watching this kind of precise clearing.
If you can't hold EMA10, you'll have to go feed the fish at 86k, the technical aspect is there.
The next few days will really be a test, it's either a Rebound or continuing to take hits.
At the moment of the monthly closing, over 200 million USD in long positions were instantly liquidated. This wave occurred precisely at 12:00 AM GMT, with the timing being quite accurate.
The market is currently facing a critical question: is this just the removal of the first layer of liquidity, or will Bitcoin continue to dip into the range of $85,000 to $86,000, wiping out all liquidity?
I previously mentioned a point - if it breaks below the EMA10 moving average, there's a high probability that the 86k position will be seen again. From a technical perspective, this moving average is indeed an important watershed. At this juncture, it will either stop falling and rebound, or continue to look for support downwards.
The trend in the next few days will be crucial, especially to see if the current price range can be maintained.