CryptoQuant Analyst: The risk of further bearish pressure from liquidations is moderate
Foresight News reported that CryptoQuant analyst Axel Adler Jr tweeted, "The risk of further bearish pressure from liquidations is moderate. Net liquidation volume remains negative at around -40 million, reflecting a continued plunge by longs and sustained downward pressure. However, the liquidation intensity Z-score (365 days) is neutral/moderate, indicating that there is currently no risk of a cascading effect. The market is facing headwinds, but lacks the momentum for a deep decline triggered by liquidations."
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