Yesterday's market was quite intense. CoinGlass data clearly shows—176,000 traders were liquidated, totaling $929 million, with longs taking the biggest hit. But this is not a trend reversal signal; rather, it seems like a cleanup of over-leverage during an upward move. Such market volatility is perfectly normal.
$BTC is currently fluctuating between 89,000 and 96,000. The chart still shows a complete structure, and all signs point to the upward channel remaining valid. The pace is steady, with no signs of losing control.
Next, it depends on whether the upper boundary can be effectively broken. The Federal Reserve's interest rate decision is scheduled for January 28-29. Before that, the market indeed lacks the certainty factors that could drive a one-sided trend. From a trading perspective, traders holding short positions should take profits and secure gains, rather than fighting the trend. Waiting for a trend-following opportunity will be more meaningful than blindly chasing the direction.
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MevTears
· 15h ago
Another day of liquidation, this time the longs got crushed really hard. But to be fair, leverage trading is always like this; clearing excessive positions is actually a good thing.
Let's wait for the Fed's rate decision. There's really no certainty right now, so it's better not to rush in the short term.
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wagmi_eventually
· 15h ago
17,600 people liquidated, this round of liquidation was indeed fierce. But based on what the author means, this is just a process of clearing excessive leverage, nothing major.
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StablecoinSkeptic
· 15h ago
176,000 people wiped out, still talking about a complete upward trend? I think you're just PTSD from leverage.
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ForkThisDAO
· 15h ago
176,000 people liquidated. This round of liquidation is quite harsh, but the author is right—leveraged traders deserve to be cleared out.
#贵金属黄金与白银刷新历史高位 Bitcoin 24-Hour Market Observation
Yesterday's market was quite intense. CoinGlass data clearly shows—176,000 traders were liquidated, totaling $929 million, with longs taking the biggest hit. But this is not a trend reversal signal; rather, it seems like a cleanup of over-leverage during an upward move. Such market volatility is perfectly normal.
$BTC is currently fluctuating between 89,000 and 96,000. The chart still shows a complete structure, and all signs point to the upward channel remaining valid. The pace is steady, with no signs of losing control.
Next, it depends on whether the upper boundary can be effectively broken. The Federal Reserve's interest rate decision is scheduled for January 28-29. Before that, the market indeed lacks the certainty factors that could drive a one-sided trend. From a trading perspective, traders holding short positions should take profits and secure gains, rather than fighting the trend. Waiting for a trend-following opportunity will be more meaningful than blindly chasing the direction.