Right more longs equal lower price. Market makers need them lickies, lickity split.
Remarkable-Gene-243 on
time to buy more shorts to even it out
NinjaChore on
So BTC going down to liquidate the longs?
Successful_Safe_1440 on
Yeah that sounds bad
Erocdotusa on
Can’t be accurate with how easily they’ve manipulated the price down since October
obolli on
That has always been the case, there actually is a whole stable coin project based on taking advantage of this (ENA) long bias. The problem with coinglasses liquidation maps is that they are all implied and not real liquidations because the central exchanges do not publish liquidation prices so you have to infer this from the size and leverage of the trades.
I made one that is more accurate through hyperliquid that shows you the actual liquidity [https://www.wangr.com/whalewatch/liquidationmap/btc](https://www.wangr.com/whalewatch/liquidationmap/btc) because it’s open.
Hyperliquid also has more liquidity than many of the CEXes now and should be an accurate proxy.
You can also check the long short bias for whales which make up around 50-70% of the whole market on futures historically here: [https://www.wangr.com/whalewatch](https://www.wangr.com/whalewatch)
Edit:
A prime current example of why this is misleading is garret jin, the 800+ million whale who shorted october 10th, by his position and leverage size he would take up around a quarter of the big pile around 86k, but in reality he can’t get liquidated because he is in cross and his account covers his full position [https://wangr.com/watch/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae](https://wangr.com/watch/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae)
SlyCooper007 on
This sub is filled with pussies
TheGreatCryptopo on
2x longs? Then its this one.
twendah on
Woop time to wipe them out… Jesus when people learn big players just manipulating unregulated crypto and wiping your money. Thats literally infinite money glitch to them.
We will never get into new ath, because gambling addicts.
17 Comments
Well thats not good
ruh roh
Right more longs equal lower price. Market makers need them lickies, lickity split.
time to buy more shorts to even it out
So BTC going down to liquidate the longs?
Yeah that sounds bad
Can’t be accurate with how easily they’ve manipulated the price down since October
That has always been the case, there actually is a whole stable coin project based on taking advantage of this (ENA) long bias. The problem with coinglasses liquidation maps is that they are all implied and not real liquidations because the central exchanges do not publish liquidation prices so you have to infer this from the size and leverage of the trades.
I made one that is more accurate through hyperliquid that shows you the actual liquidity [https://www.wangr.com/whalewatch/liquidationmap/btc](https://www.wangr.com/whalewatch/liquidationmap/btc) because it’s open.
Hyperliquid also has more liquidity than many of the CEXes now and should be an accurate proxy.
You can also check the long short bias for whales which make up around 50-70% of the whole market on futures historically here: [https://www.wangr.com/whalewatch](https://www.wangr.com/whalewatch)
Edit:
A prime current example of why this is misleading is garret jin, the 800+ million whale who shorted october 10th, by his position and leverage size he would take up around a quarter of the big pile around 86k, but in reality he can’t get liquidated because he is in cross and his account covers his full position [https://wangr.com/watch/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae](https://wangr.com/watch/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae)
This sub is filled with pussies
2x longs? Then its this one.
Woop time to wipe them out… Jesus when people learn big players just manipulating unregulated crypto and wiping your money. Thats literally infinite money glitch to them.
We will never get into new ath, because gambling addicts.
I’m one of those Longs
So we’re going down.
I haven’t opened the chart in 2 months
As always
They’ll give you a surprise soon 🔥😏
Time for a sunday dump?