Post
YUЯA
FUD, long liquidations, and a bounce.
What’s happening in the market?
Over the last two days we got a decent correction (−7.3%) with long liquidations, which, objectively, had been overdue for a while.
In practice, liquidity was swept below support and we returned to our range. Overall, though, most of yesterday’s pressure was on futures, and a divergence formed with spot, where there were actually buys and no comparable selling pressure.
Otherwise, nothing new
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$84,529.5+0.00%
ETH/USDTEthereum
$2,487.02-0.01%
OKB/USDTOKB
$116.27-0.01%
Today’s market buzz
1#BTCETFInflowsContinue
2#SpaceXQ3RevenueUp161%
3#NetflixQ3ProfitBeat
