💥 A total liquidation of 370 million USD across the network! Is mean reversion coming?
According to Coinglass data, in the past 24 hours, the market liquidation amount reached 370 million USD, with almost all long positions cleared — among which 135 million USD #BTC of long positions were forcibly liquidated, and about 123,000 traders were forced to exit.
Greed index 18, the market is oversold 📉. Historical experience shows that after such large-scale leveraged liquidations, a mean reversion rebound of usually 3%–5% is expected.
Spot buying began to be active at BTC 85k / #ETH 2800 ⚡, short-term opportunities have arisen, but risks remain high.
