I was checking the latest liquidation data, and one number immediately caught my attention.
According to Coinglass data, total crypto liquidations across the market reached around $74.17 million in just the past hour. What's even more interesting is that $TUT alone accounted for about $34.51 million of those liquidations.
That's a huge portion of the total market liquidations coming from one token. For me, this shows just how aggressive the recent move in $TUT has been and how much leverage was sitting in the market.
The big question now is what happens after this massive liquidation wave. Are we going to see a short-term rebound as leverage gets flushed out, or is this the beginning of even more selling pressure?
