🤔🤔🤔Bitcoin registers a wave of liquidations not seen since the FTX collapse:
🧐🧐Why could this be positive?👍o👎
Bitcoin matched the liquidation levels of the FTX collapse when record leverage triggered cascading sales in the derivatives markets.
The liquidation cooled overheated positions, turning funding negative and unleashing stronger demand driven by the spot market.
Despite the adjustment, risks remain as traders face uncertainty in a late cycle and persistent macro-related pressures.
👀👀🧐According to some analysts, leverage purges like this have historically created strong medium-term opportunities, even when broader risks and late-cycle uncertainties remain.
Bitcoin has just matched the liquidation levels of the FTX era, but this time the cause is not an exchange collapse or hidden fraud. Instead, the shock came from a leverage-overloaded market, an accumulation that grew quietly for months before bursting in a matter of hours.
