A $1.62 BILLION FLUSH. 90% WAS LONGS.
Crypto just had its steepest single-day loss in weeks. BTC dropped to $68,091. ETH broke below $1,910 for the first time since August. Total market cap fell 7% to $2.35 trillion.
The damage wasn't evenly distributed. CoinGlass recorded $1.62 billion in liquidations—$1.46 billion, or 89.9%, were long positions. A single $31 million BTC long on Hyperliquid was wiped out at $72,250.
BTC is now 5.5% below its 200-day average. Fear & Greed dropped to 20, the first “extreme fear” reading since July.
This wasn't news-driven. It was a one-sided leverage flush. The book was too crowded on the long side, and it got removed.
Watching if $67,500 holds as the next support. If it breaks, the cascade has another leg.
$BTC $ETH
#LiquidationCascade #LongSqueeze #ExtremeFear #Leverage #MarketStructure
Crypto just had its steepest single-day loss in weeks. BTC dropped to $68,091. ETH broke below $1,910 for the first time since August. Total market cap fell 7% to $2.35 trillion.
The damage wasn't evenly distributed. CoinGlass recorded $1.62 billion in liquidations—$1.46 billion, or 89.9%, were long positions. A single $31 million BTC long on Hyperliquid was wiped out at $72,250.
BTC is now 5.5% below its 200-day average. Fear & Greed dropped to 20, the first “extreme fear” reading since July.
This wasn't news-driven. It was a one-sided leverage flush. The book was too crowded on the long side, and it got removed.
Watching if $67,500 holds as the next support. If it breaks, the cascade has another leg.
$BTC $ETH
#LiquidationCascade #LongSqueeze #ExtremeFear #Leverage #MarketStructure
