BOOK OF MEME leads liquidations, signals THIS for traders

BOME surged to $194M in Open Interest, leading other altcoins in liquidations and speculative trading. Consistent BOME outflows signaled potential accumulation as price spiked, triggering leveraged trading volatility. BOOK OF MEME [BOME] recorded the largest liquidation spike in recent data, surpassing other altcoins, according to a report from Hyblockcapital on X (formerly Twitter).

Excluding major cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL], BOME reached a total liquidation of 78.57K in a 15-minute window. This placed it significantly higher than other altcoins' liquidation within the aforementioned timeframe.



Rapid price movements caught leveraged traders off guard, driving a surge in BOME's liquidations and highlighting heightened volatility. The volume of liquidations in such a short timeframe may indicate growing speculative activity in BOME trading. BOME sweeps liquidity zones The heatmap for BOME/USDT over the past month shows multiple liquidity.

.. Olivia Stephanie.