$BTC dropped 4.91% in 24 hours to a low of 75,208.4 USDT as $428 million in crypto longs got wiped out. The downturn erased recent election gains alongside a drop in AI stocks, processing over 5.4 million trades on 2,066.9M USDT in spot volume.
My read: high leverage combined with equity market weakness turned a standard price pullback into a rapid cascade of forced liquidations.
Did you de-risk into the rally or sit through the liquidations?
#$2TWipedOutHedgeFundsFaceLiquidation
My read: high leverage combined with equity market weakness turned a standard price pullback into a rapid cascade of forced liquidations.
Did you de-risk into the rally or sit through the liquidations?
#$2TWipedOutHedgeFundsFaceLiquidation