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ZedWEQ
$1.47B got liquidated. Funding never got expensive. That's the lesson.
CoinGlass counted $1.47B in crypto liquidations in 24h ($1.31B longs, via The Block) as $BTC hit its lowest since 20 Aug (Binance low $67,568). Binance BTC perp funding is now ~0%. No panic premium, so this isn't a crowded top unwinding. It's spot supply: ETFs shed $299.8M on 11 Nov, ~$1.44B in 5 sessions (Farside). Squeezes snap back; missing bids grind.
#Bitcoin
Shakeout or risk-off?
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