$2.4B in longs wiped out in 24 hours.

This wasn’t selling. It was liquidation.

Forced exits, leverage nuked, panic cascades doing the dirty work.

Crowded longs are gone.

Funding cools.

The market breathes again.

When this much liquidity gets flushed, it’s usually exhaustion not seller dominance. The weak hands are out, the noise is gone.

Now the real game starts.

I’m watching who steps in after the dust settles because the moves that follow mass liquidations are usually the ones that actually matter.