r/CryptoMarkets • u/daily-thread 🟦 0 🦠• 1d ago
DAILY DISCUSSION Daily Crypto Discussion - October 16, 2026
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r/CryptoMarkets • u/daily-thread 🟦 0 🦠• 1d ago
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u/jasonslpt 1d ago
BTC's sitting around 81.6K and the tape this morning is lopsided. Roughly 94% of the last hour's liquidations were longs, and funding is still mildly positive, so plenty of people are leaning the wrong way. I'm leaning down, first toward the ~$116M long pool near 81.35K, then the big ~$497M pile near 79.9K. This breaks if price reclaims 81.8K to 81.9K and actually holds it. Somebody opened 25x on a green candle and is now learning what a margin call sounds like. Not advice.