{"id":605327,"date":"2026-06-05T11:00:32","date_gmt":"2026-06-05T15:00:32","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=605327"},"modified":"2026-06-05T05:06:02","modified_gmt":"2026-06-05T09:06:02","slug":"liquidation-wave-slams-midnight-night-is-buyer-confidence-broken","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/","title":{"rendered":"Liquidation wave slams Midnight [NIGHT] – is buyer confidence broken?"},"content":{"rendered":"

Midnight [NIGHT] is down about 16% in 24 hours, taking its two-day drawdown to more than 21%. The decline comes as the broader crypto market is on the brink of falling below a $2 trillion valuation from above $2.50 trillion as this week began.<\/p>\n

Loss in confidence across its ecosystem, liquidations, and retail selling just added to NIGHT’s decline.<\/p>\n

Are long traders capitulating?<\/h2>\n

According to data from CoinGlass, long traders were capitulating with their liquidations 109x larger than those of bears. In 24 hours, $74K in longs were closed while shorts only lost $678.<\/p>\n

From a broader numerical perspective, longs worth more than $170K had been wiped out in just three days. During the same period, however, only $4K worth of sell orders had been liquidated.<\/p>\n

Long liquidations have been the dominant trend since the beginning of May.<\/p>\n

\"MidnightNIGHT\"<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n

The data showed that bulls were capitulating following a surrender to bears who were taking the price of NIGHT<\/a> further down.<\/p>\n

NIGHT’s buy-side liquidity swept<\/h2>\n

On the charts, NIGHT lost a slanting trendline support that came about after a double bottom pattern at around $0.03. Bulls defended this trendline until the price of Midnight hit $0.042.<\/p>\n

Sellers swept buy-side liquidity at $0.03882 and consolidated around this region. What followed was a loss of the trendline, and then NIGHT crashed more than 21%. These events rendered the breakout above $0.03882 fake.<\/p>\n

The indicators were also supporting the selling activity. For instance, the Top Traders Long\/Short Ratio Accounts fell from 2 to 1.29. This indicated large holders on Binance were offloading their NIGHT tokens.<\/p>\n

Additionally, the Chaikin Money Flow (CMF) dropped from 0.21 to negative 0.33 in four days. This reflected a market-wide capital outflow.<\/p>\n

\"NIGHT\"<\/a>
Source: NIGHT\/USDT on TradingView<\/figcaption><\/figure>\n

Therefore, NIGHT may be set for another drop to at least the base level of $0.03, which initiated the previous rally. However, the outcome was dependent on bulls failing to defend the level at $0.03188.<\/p>\n

Whales buy, but retailers sell<\/h2>\n

Another reason contributing to this drop was the lack of cohesion among different groups of holders.<\/p>\n

For instance, retailers were massively selling the token. Retail wallet types like shrimp, crab, octopus, and fish sold about 550K ADA worth of NIGHT.<\/p>\n

\"NIGHT\"<\/a>
Source: X<\/figcaption><\/figure>\n

On the other hand, wallet types of large holders, that is, dolphins, sharks, and whales, bought 2.232 million ADA worth of NIGHT.<\/p>\n

Meanwhile, NIGHT’s on-chain holders crossed 75K, adding 1,000 in the past week. This suggested that the current drop may be short-term, especially since the broader market is weak.<\/p>\n

\n

Final Summary<\/h2>\n
    \n
  • Midnight declines by more than 16% in 24 hours amid a spike in long liquidations and retail selling.\u00a0<\/em><\/li>\n
  • NIGHT loses a key trendline support level as top traders on Binance sell and capital outflows surge.\u00a0<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    How long liquidations, top traders selling, and capital outflow beat NIGHT’s whales accumulation. <\/p>\n","protected":false},"author":98,"featured_media":605348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,4,20],"tags":[],"class_list":["post-605327","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nLiquidation wave slams Midnight [NIGHT] - is buyer confidence broken? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Midnight [NIGHT] is down about 16% in 24 hours, taking its two-day drawdown to more than 21%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liquidation wave slams Midnight [NIGHT] - is buyer confidence broken? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"How long liquidations, top traders selling, and capital outflow beat NIGHT's whales accumulation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-05T15:00:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Lennox-1-1-e1780645207644.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lennox Gitonga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/lennoxgitonga\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lennox Gitonga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"AnalysisNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/\"},\"author\":{\"name\":\"Lennox Gitonga\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/2e30c6eabb27ebd61e6b40e35e3bfdac\"},\"headline\":\"Liquidation wave slams Midnight [NIGHT] – is buyer confidence broken?\",\"datePublished\":\"2026-06-05T15:00:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/\"},\"wordCount\":470,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/Lennox-1-1-e1780645207644.png\",\"articleSection\":[\"Altcoin\",\"News\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/#respond\"]}],\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/\",\"name\":\"Liquidation wave slams Midnight [NIGHT] - is buyer confidence broken? - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/Lennox-1-1-e1780645207644.png\",\"datePublished\":\"2026-06-05T15:00:32+00:00\",\"description\":\"Midnight [NIGHT] is down about 16% in 24 hours, taking its two-day drawdown to more than 21%.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/Lennox-1-1-e1780645207644.png\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/Lennox-1-1-e1780645207644.png\",\"width\":1600,\"height\":900,\"caption\":\"Liquidation wave slams Midnight [NIGHT] - is buyer confidence broken?\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/2e30c6eabb27ebd61e6b40e35e3bfdac\",\"name\":\"Lennox Gitonga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/7742849e-53ec-4881-82d6-b96de68a0f13-100x100.jpg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/7742849e-53ec-4881-82d6-b96de68a0f13-100x100.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/7742849e-53ec-4881-82d6-b96de68a0f13-100x100.jpg\",\"caption\":\"Lennox Gitonga\"},\"description\":\"Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto with a Bachelor of Commerce in Finance. As a former equities trader, he applies traditional market rigor to crypto, delivering clear technical and on-chain analysis that explains price action, liquidity, and network behavior driving digital asset trends.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/lennox-gitonga\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/x.com\\\/lennoxgitonga\"],\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/lennox-gitonga\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Liquidation wave slams Midnight [NIGHT] - is buyer confidence broken? - AMBCrypto","description":"Midnight [NIGHT] is down about 16% in 24 hours, taking its two-day drawdown to more than 21%.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/","og_locale":"en_US","og_type":"article","og_title":"Liquidation wave slams Midnight [NIGHT] - is buyer confidence broken? - AMBCrypto","og_description":"How long liquidations, top traders selling, and capital outflow beat NIGHT's whales accumulation.","og_url":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2026-06-05T15:00:32+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Lennox-1-1-e1780645207644.png","type":"image\/png"}],"author":"Lennox Gitonga","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/lennoxgitonga","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Lennox Gitonga","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"AnalysisNewsArticle","@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/"},"author":{"name":"Lennox Gitonga","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/2e30c6eabb27ebd61e6b40e35e3bfdac"},"headline":"Liquidation wave slams Midnight [NIGHT] – is buyer confidence broken?","datePublished":"2026-06-05T15:00:32+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/"},"wordCount":470,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Lennox-1-1-e1780645207644.png","articleSection":["Altcoin","News","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/#respond"]}],"copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/","url":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/","name":"Liquidation wave slams Midnight [NIGHT] - is buyer confidence broken? - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Lennox-1-1-e1780645207644.png","datePublished":"2026-06-05T15:00:32+00:00","description":"Midnight [NIGHT] is down about 16% in 24 hours, taking its two-day drawdown to more than 21%.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/liquidation-wave-slams-midnight-night-is-buyer-confidence-broken\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Lennox-1-1-e1780645207644.png","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Lennox-1-1-e1780645207644.png","width":1600,"height":900,"caption":"Liquidation wave slams Midnight [NIGHT] - is buyer confidence broken?"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/2e30c6eabb27ebd61e6b40e35e3bfdac","name":"Lennox Gitonga","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/7742849e-53ec-4881-82d6-b96de68a0f13-100x100.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/7742849e-53ec-4881-82d6-b96de68a0f13-100x100.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/7742849e-53ec-4881-82d6-b96de68a0f13-100x100.jpg","caption":"Lennox Gitonga"},"description":"Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto with a Bachelor of Commerce in Finance. As a former equities trader, he applies traditional market rigor to crypto, delivering clear technical and on-chain analysis that explains price action, liquidity, and network behavior driving digital asset trends.","sameAs":["https:\/\/www.linkedin.com\/in\/lennox-gitonga","https:\/\/x.com\/https:\/\/x.com\/lennoxgitonga"],"url":"https:\/\/ambcrypto.com\/author\/lennox-gitonga\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/605327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/98"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=605327"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/605327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/605348"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=605327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=605327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=605327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}