$FIL Long Liquidation: $2.5429K at $0.88
The $2.543K long liquidation at $0.88 shows that leveraged buyers were caught as price dipped below a short-term support level. When this level failed, margin positions were automatically closed, generating temporary selling pressure.
The liquidation size is moderate, reflecting some crowding on the long side but not extreme exposure. It signals short-term weakness rather than a confirmed trend reversal.
Key levels to watch:
Reclaim above $0.88–$0.885 → indicates absorption and potential recovery.
Sustained trading below $0.88 → could lead to further sweeps of lower liquidity zones.
Long liquidations often act as a leverage reset. The next move depends on whether spot buyers defend this level or if sellers maintain control.
#USRetailSalesMissForecast #BinanceBitcoinSAFUFund $FIL
