Key Takeaways
Why was there an increase in crypto liquidations in the past 24 hours?
In the fevered hours of the 9th and 10th of November, humanity’s eternal folly reared its head. Traders, like Sisyphus with a Bloomberg terminal, rolled bullish bets, convinced the market would carry them to salvation. Alas, the rally, a mirage of hope, crumbled into dust, and the reversal was as inevitable as a drunkard’s fall from grace. The gods of finance laughed.
Where will the crypto markets go next?
Behold Bitcoin, the crypto titan, lumbering within a range like a bear chained to a treadmill. Traders, armed with coffee and courage, must brace for volatility-a dance of chaos and muted optimism, where hope and despair tango in the shadows of $104.7k. A lesson in humility, perhaps? Or merely another day in crypto’s theater of madness.
On the 11th of November, BTC, in its cruel irony, descended once more to the cursed mark of $104.7k. The gains of yesteryear, those fleeting whispers of triumph, dissolved like a sugar cube in a hurricane. The market, ever the sly trickster, promised movement but delivered only a yawn-and a $379.9 million liquidation bill. How poetic.
Of this carnage, Bitcoin bore $81.43 million in liquidations, while Ethereum, that overconfident cousin, lost $71.94 million. One might call it a family feud, or perhaps the universe’s way of saying, “You’re all mad.”
Bitcoin’s liquidations split evenly between long and short positions-$41.75 million and $39.68 million, respectively. A stalemate? A truce? Or just a reminder that in crypto, even balance is a joke. Ethereum, meanwhile, leaned into bullish folly, losing $43.45 million in longs. A tragedy in four acts.
ZCash, that enigmatic riddle wrapped in a blockchain, suffered $31.24 million in liquidations. Of that, $26.66 million was bullish-a testament to the madness of crowds, or perhaps a cry for help. Either way, the market responded with a shrug and a 💸.
Why did the crypto liquidations increase in the past 48 hours?
On the 9th of November, BTC surged from $101.6K to $106.6K, a crescendo of greed and delusion. The 1-hour chart, a scroll of hubris, revealed buying volume spiking like a heart rate before a panic attack. Moving averages, those false prophets, whispered of bullish momentum. But what is momentum, if not a crowd running in circles, shouting, “I’m first!”
On the 10th, news fluttered like autumn leaves-positive, but meaningless. BTC, that fickle lover, refused to extend its rally. Instead, it clung to a $104.7k-$107.1k range, a cage of indecision. Traders, like rats in a maze, now face the existential terror of breaching this range-or not. A lesson in patience? Or a test of sanity?
Bitcoin, the crypto monarch, leads with a rod of volatility. Its chart, a Rorschach test for traders, reveals liquidity pockets at $103.8k-$104.4k and $100.7k-$102.4k. A dip to $103.8k? A move toward $107.5k? The future, like a prophet’s vision, is cloaked in ambiguity. But one truth remains: to chase breakouts is to court disaster. A lesson in humility-or perhaps just a warning from the market’s ghost.
Traders, take heed: the market is a masquerade ball, and everyone wears a mask of certainty. But behind each grin lies the whisper of liquidation. Play on, dear gamblers, but remember-the house always wins. 😂💸
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2025-11-12 01:07