💣 $2.91 billion liquidated in 24 hours, long positions wiped out
📅 February 11
According to CoinAnk data:
In the past 24 hours
The total liquidation across the network was $2.91 billion
Among them:
🔴 Long positions liquidated: $2.09 billion
🟢 Short positions liquidated: $82.19 million
👉 Main direction of liquidation: Longs.
🩸 Who is bleeding?
📉 BTC liquidation: $123 million
📉 ETH liquidation: $73.39 million
The two core assets together account for more than half.
This is not a small coin spike,
This is mainstream assets being directly smashed.
⚠️ What does this set of data indicate?
1️⃣ Market sentiment remains bullish
2️⃣ A large amount of funds are bottom fishing with flying knives
3️⃣ Leverage structure severely favors one side
And the result is only one:
Longs become liquidity.
🧠 Key logic
When the liquidation structure:
Longs far exceed shorts
It indicates that the market is not in panic
But rather——
Still “fantasizing about a rebound.”
The real bottom
Often appears at:
✔ Both longs and shorts being liquidated
✔ Leverage cleared
✔ Trading volume shrinking
✔ Sentiment extremely cold
Now?
It's not completely despair yet.
🧨 What is more dangerous?
Liquidation is not the end.
Liquidation is just
The beginning of “passive selling.”
If the price continues to press down:
📍 Chain reaction of forced liquidations
📍 Funding rates turn negative
📍 Longs fail to add positions
The market will experience a second wave of selling pressure.
🔥 Reminder for contract players
The market is not crashing.
The market is “collecting leverage.”
In a bull market, you earn money through understanding.
In a volatile market, you earn money through discipline.
In a bear market——
As long as you have no leverage,
You have already won half the battle.
