#BinanceHODLerMorpho Data from Coinglass shows that within the last hour, a total of $20.28 million was liquidated across the crypto market, with short positions accounting for the majority of liquidations ($19.5 million), while long liquidations were relatively minor ($770,000). Bitcoin liquidations reached $12.78 million, representing the largest share, followed by Ethereum at $2.31 million.

Mass short liquidations can trigger cascading buying as shorts cover positions, potentially pushing prices higher temporarily. However, the volatility may induce risk-averse traders to reduce exposure, increasing market swings. The disproportionate impact on BTC and ETH could lead to capital flowing into these top assets, possibly at the expense of smaller altcoins #BTC #BinanceAlphaUpdate

BTC

95,441.86

+0.08%