Crypto just flash-crashed.
In the span of roughly one hour:
$BTC : -2.5%
#ETH : -5%
$SOL : -11.5%
$XRP : -37%
$525 million in positions got liquidated...overwhelmingly longs.
Classic leverage cascade. The market was running far too hot on borrowed money, and thin weekend liquidity turned a modest dip into a bloodbath.
All I see is opportunities.
Stay Safe out there pal's
In the span of roughly one hour:
$BTC : -2.5%
#ETH : -5%
$SOL : -11.5%
$XRP : -37%
$525 million in positions got liquidated...overwhelmingly longs.
Classic leverage cascade. The market was running far too hot on borrowed money, and thin weekend liquidity turned a modest dip into a bloodbath.
All I see is opportunities.
Stay Safe out there pal's
