Crypto markets just saw a massive liquidation wave, with Ethereum longs reportedly taking around 6x the hit of Bitcoin longs. 📉
🔻 What Happened?
• Total liquidations: $1.19B in 24 hours
• ETH liquidations: ~$356M
• BTC liquidations: ~$298M
• More than $1B came from long positions
📊 Key Price Levels to Watch
🟠 BTC: Dropped to ~$80.4K before bouncing toward $82K; $83K is the level to reclaim.
🔵 ETH: Trading around $2,490, down over 3%, with $2,400–$2,500 as a key zone to watch.
⚠️ Hawkish Fed minutes and headlines surrounding Iran added pressure to the market.
📅 Next Major Catalyst: US CPI — October 14, around 5:30 PM PKT.
💬 My Take: ETH’s leverage may be getting flushed out, but I want to see the $2,400–$2,500 zone hold before trusting a recovery.
Is the liquidation wave over, or is another flush coming? 👇
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#Bitcoin #Ethereum #CryptoLiquidations #BTC #ETH