🔥 $VELVET — MASSIVE DUMP

-49.3% in one move. 🩸

And the positioning makes it even more interesting:

🟢 Longs: $3.16M
🔴 Shorts: $1.98M
📊 Long/Short: 159.58%

But look at the damage:

❌ Long unrealized PnL: -$1.44M
✅ Short unrealized PnL: +$1.09M

Only 17.56% of longs are profitable, while 87.44% of shorts are profitable.

This is exactly what happens when a heavily long-positioned market gets hit with a brutal liquidation cascade.

VELVET just got wiped.

$VELVET #Crypto