The market just got a reminder of how quickly leverage can unravel.
Oil above $90, yields near 4.8%, and weaker risk sentiment pressured crypto, triggering a wave of liquidations.
Around $369.67M in derivatives positions were wiped out, with roughly $302M from longs. $BTC and $ETH took some of the biggest hits.
The volume spike I saw on BingX showed how fast the move accelerated.
Now the question is whether enough leverage has been cleared or another cascade is still possible.
Healthy reset or more pain ahead?
#BTC #ETH #Macro Insights# #BTC Price Analysis#
Oil above $90, yields near 4.8%, and weaker risk sentiment pressured crypto, triggering a wave of liquidations.
Around $369.67M in derivatives positions were wiped out, with roughly $302M from longs. $BTC and $ETH took some of the biggest hits.
The volume spike I saw on BingX showed how fast the move accelerated.
Now the question is whether enough leverage has been cleared or another cascade is still possible.
Healthy reset or more pain ahead?
#BTC #ETH #Macro Insights# #BTC Price Analysis#
