Anatomy Of An Upside Liquidation: ~$100M in 4am (EST) Suppression Shorts Just Got Nuked

This screenshot is from my own full node dashboard (interactive charts), looking at block-by-block realized PnL by UTXO age band over the last 24 hours. Seen in that greenish yellow (30 day old short/options pressure). In that upside wick, almost all of the volume came from coins younger than ~3 months (mostly the 1–4 week band). Coins held 1+ years barely flinched. At the point where price normally gets driven downward, we had someone step in and push higher, liquidating that position to an almost instant $100m loss. The loss is so large relative to all other coin movement that everything else looks pegged at 0 (lower charts), but they are not. These are the kinds of moves you see when derivatives try to dictate price in low liquidity (that cuts both ways), but underlying supply from real HODLers isn’t budging. Not financial advice, obviously... just sharing what the raw on-chain data is showing. Curious what other on-chain nerds here see in this kind of upside liquidation. Remains to be seen if this will persist at those higher levels. The stairstep higher since that event is hinting that other shorts are starting to exit to avoid a similar spike through their walls. Good signs for a new year... let's see if it continues. submitted by /u/JuxtaposeLife [link] [comments]

from Bitcoin - The Currency of the Internet https://ift.tt/PmOF30J