CAP crypto fell 17% over 24 hours, resulting in roughly $59,400 in liquidations for long positions, compared with only $395.63 for short positions. CoinGlass data showed the perpetual market’s net capital flow at negative $2.26 million, while spot market net flow reached $27,700, indicating continued selling pressure. However, a positive funding rate of 0.0050% shows that a significant portion of the $27.3 million in perpetual capital remains positioned long. The liquidation heatmap suggests CAP could decline further, but a nearby buy-order cluster could trigger a rebound toward approximately $0.12.
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