2026-01-07 10:26:26

Bitcoin's trend seems to be developing according to a pessimistic script. According to the latest data from CoinGlass, nearly 130,000 traders were liquidated in the past 24 hours, with total liquidation amounts reaching approximately $440 million.

From the position structure, longs account for the majority—about 65% of liquidations come from long traders, while short positions make up 35%. This ratio reflects differing market participants' outlooks on the future, but clearly, longs are under greater pressure.

On the technical side, the price has approached the lower boundary of the previously analyzed channel, and the risk of breaking below cannot be ignored. To maintain the upward momentum, the key is whether this critical area can hold. But the current question is whether there is enough buying strength to turn the tide; we need to keep observing.

Altcoins are also not moving independently, following Bitcoin's weakness. The overall rhythm and expectations remain consistent, and at this point, it's just waiting for the market to release more definitive signals.

BTC-1,12%

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rugpull_ptsd

· 01-10 09:53

It's the same old trick, the bulls have been slaughtered again --- 130,000 people liquidated, losing 440 million. This buying pressure really can't be sustained --- If support can't hold, it will break directly, no suspense --- Altcoins follow the decline of Bitcoin, as always, Bitcoin's movement drags altcoins down with it --- If buying pressure isn't strong, it's time to be bearish. What are you waiting for, signals? --- 65% of longs have lost everything, this data is a bit terrifying --- I'm just afraid that the next one will be my wallet. I can't hold on anymore --- Breaking the lower channel boundary is a certainty. Better to run early, everyone

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NFT_Therapy_Group

· 01-10 00:55

Another liquidation, longs are really having a tough time 130,000 people got wiped out, this number is a bit scary If you can't hold on, it's really going to break, just watching Altcoins following the trend are also quite annoying, no clear plan Waiting for a signal, anyway I can't wait any longer

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PoetryOnChain

· 01-07 10:55

It's another wave of liquidations, and the bloodshed among longs is really pointless. 140,000 people liquidated, totaling 440 million. Just hearing this number hurts. Honestly, if you can't hold, you can't hold. Don't expect any buying support to save the market. Waiting for signals? Better to protect your principal first rather than wait. Even the copycats are falling in line—is this just a shakeout or is something really wrong? Who knows. With longs suffering so much, shorts should also be cautious of a reverse explosion. The critical level is right in front of us. If it breaks, it will head straight to the next level.

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BearMarketBarber

· 01-07 10:53

Starting to cut again, 130,000 people liquidated, how tragic is this number The bulls have really been beaten hard, I'm just wondering who still dares to buy the dip at this time If the lower boundary can't hold, then get ready for a breakdown, anyway I've already exited The copycat following the decline, it's reasonable, after all, Bitcoin is just a puppet on a string Waiting for signals? Aren't the current signals clear enough? It's heading down

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ZkProofPudding

· 01-07 10:42

Another weekend of liquidation, longs are really miserable 130,000 people lost their money, who still dares to buy the dip If the lower boundary of the channel can't hold, it will really break. Are you afraid? Altcoins falling in sync, feeling like a joint funeral Waiting for a signal? Probably won't be able to wait anymore

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