$ETH
🚨 $1.19 BILLION WIPED OUT IN 24 HOURS… AND ETH TOOK A SERIOUS HIT. 💀
The crypto market just got a brutal reminder that leverage cuts both ways. Over $1 billion in liquidations hit long positions, while Ethereum longs faced significantly heavier pressure than Bitcoin’s.
Here’s the damage. 👇
💥 $1.19B LIQUIDATED in 24 hours, with more than $1B coming from long positions.
🔴 ETH LIQUIDATIONS: ~$356M
🟠 BTC LIQUIDATIONS: ~$298M
ETH took a heavier hit despite being less than one-fifth of Bitcoin’s market size.
📉 ETH: Around $2,490, down more than 3%.
📊 BTC: Dropped to ~$80.4K before recovering toward $82K.
🎯 KEY LEVELS TO WATCH:
• BTC needs to reclaim $83K, while $80.4K remains a key downside level.
• ETH needs to defend the $2,400–$2,500 zone to give bulls a reason to believe in a recovery.
Hawkish Fed minutes and headlines surrounding Iran added to market uncertainty, triggering another wave of volatility.
👀 NEXT MAJOR CATALYST: US CPI ON OCTOBER 14.
Here’s the real question: Has the market finally flushed out excessive ETH leverage, or are overleveraged traders about to get another painful lesson? 💀
I’m watching the $2,400–$2,500 zone before trusting any ETH bounce.
The leverage may be getting wiped out, but is the selling pressure actually over? 👇
DYOR. Manage risk. NFA.
$MAGIC
$BAT
#eth
🚨 $1.19 BILLION WIPED OUT IN 24 HOURS… AND ETH TOOK A SERIOUS HIT. 💀
The crypto market just got a brutal reminder that leverage cuts both ways. Over $1 billion in liquidations hit long positions, while Ethereum longs faced significantly heavier pressure than Bitcoin’s.
Here’s the damage. 👇
💥 $1.19B LIQUIDATED in 24 hours, with more than $1B coming from long positions.
🔴 ETH LIQUIDATIONS: ~$356M
🟠 BTC LIQUIDATIONS: ~$298M
ETH took a heavier hit despite being less than one-fifth of Bitcoin’s market size.
📉 ETH: Around $2,490, down more than 3%.
📊 BTC: Dropped to ~$80.4K before recovering toward $82K.
🎯 KEY LEVELS TO WATCH:
• BTC needs to reclaim $83K, while $80.4K remains a key downside level.
• ETH needs to defend the $2,400–$2,500 zone to give bulls a reason to believe in a recovery.
Hawkish Fed minutes and headlines surrounding Iran added to market uncertainty, triggering another wave of volatility.
👀 NEXT MAJOR CATALYST: US CPI ON OCTOBER 14.
Here’s the real question: Has the market finally flushed out excessive ETH leverage, or are overleveraged traders about to get another painful lesson? 💀
I’m watching the $2,400–$2,500 zone before trusting any ETH bounce.
The leverage may be getting wiped out, but is the selling pressure actually over? 👇
DYOR. Manage risk. NFA.
$MAGIC
$BAT
#eth