In the past hour, total liquidations across the network reached $19.11 million, with $17.18 million from long positions, with $1.93 million from short positions. BTC liquidation $4.34 million, ETH liquidation $8.22 million.

In the past hour, total liquidations across the network reached $10.26 million, with $8.32 million from long positions, with $1.93 million from short positions. BTC liquidation $561,448.38, ETH liquidation $5.65 million.

In the past hour, total liquidations across the network reached $39.41 million, with $38.55 million from long positions, with $857,014.9 from short positions. BTC liquidation $8.15 million, ETH liquidation $16.67 million.

Huoxun Finance reported on February 15th that, according to CNBC, although Bitcoin prices have fallen nearly 50% since hitting an all-time high of $126,000 last October, sparking concerns about another "crypto winter," ETF experts say that outflows from spot Bitcoin ETFs are mainly from hedge funds and short-term traders, rather than a large-scale exodus of long-term investors. Bitwise Chief Investment Officer Matt Hougan stated that ETF investors are not the main force behind the sell-off; market pressure primarily comes from long-term crypto investors and short-term traders using ETFs as a tool. Galaxy CEO Mike Novogratz pointed out that the "speculative era" in the crypto market may be ending, and future returns will be closer to long-term investments, "which will be real-world assets with much lower returns." GraniteShares founder and CEO Will Rhind stated that the current period is difficult for Bitcoin investors, especially with the strong performance of "hard assets" such as gold and the continued decline in Bitcoin, shaking the foundation of the "digital gold" narrative. However, he pointed out that if investors generally capitulate, the outflows over the past three months should be close to the inflow levels of the past year.

Huoxun Finance News, February 15th - According to an analytical model released by CryptoQuant analyst Darkfost, an indicator built on Bitcoin's four-year Simple Moving Average (SMA) has entered bear market territory. This indicator measures Bitcoin's valuation using standard deviation and SMA multiples: a higher multiple indicates greater overbought conditions, while the closer the price is to the four-year SMA, the lower the valuation. Currently, Bitcoin's price has fallen back into the green zone and is approaching the four-year SMA level, which is currently around $57,500. Historically, this level typically marks the final stage of each bear market, with BTC prices often consolidating in this area for several months. Darkfost stated that he generally does not favor moving average-based models but believes this indicator is worth paying attention to.