$BTC just dropped under $65,000 and $ETH fell below $1,750. That's $1.8 billion in liquidations in 24 hours.
Crypto markets shed $330 billion in market cap this week. That's real money evaporating fast.
When leverage unwinds this quickly, it creates a cascade. Forced sellers hit the market, which triggers more margin calls, which creates more forced sellers. Classic deleveraging spiral.
For context, $1.8 billion in liquidations is massive but not unprecedented. We saw similar or worse during the Terra collapse and FTX blowup. The difference? This time there's no single catastrophic event driving it—just overleveraged positions getting flushed out.
If you're holding spot and not using leverage, this is just volatility. If you were trading on margin, this is a painful reminder why crypto and high leverage don't mix well.
Watch the $60k level on $BTC. That's where real support sits historically. Below that, we're looking at a deeper retracement.
Crypto markets shed $330 billion in market cap this week. That's real money evaporating fast.
When leverage unwinds this quickly, it creates a cascade. Forced sellers hit the market, which triggers more margin calls, which creates more forced sellers. Classic deleveraging spiral.
For context, $1.8 billion in liquidations is massive but not unprecedented. We saw similar or worse during the Terra collapse and FTX blowup. The difference? This time there's no single catastrophic event driving it—just overleveraged positions getting flushed out.
If you're holding spot and not using leverage, this is just volatility. If you were trading on margin, this is a painful reminder why crypto and high leverage don't mix well.
Watch the $60k level on $BTC. That's where real support sits historically. Below that, we're looking at a deeper retracement.
