$674 million wiped out overnight! 94,000 people buried—what’s most terrifying isn’t the loss!
Over the past 24 hours, the crypto market has again carried out a bloody purge. Liquidations across the web totaled as much as $674 million, with 94,554 people worldwide trapped. Among them, long liquidations reached $292 million, while short liquidations amounted to $381 million. The largest single liquidation occurred in Hyperliquid’s ETH-USD contract, worth $20.28 million.
But what’s truly worth warning about is that the Fear & Greed Index remains as high as 67—still in the Greed zone!
On one side, $674 million is gone in a flash; on the other, the emotions haven’t been hurt enough yet, and people are still charging in. The cruelest part of the market is that it always strikes at the highest point of greed.
Liquidation data doesn’t lie: ETH short positions were liquidated by $215 million. Open interest in altcoins has surpassed Bitcoin for the first time—historically, this is often accompanied by the risk of a pullback.
$674 million is just the beginning. The Greed zone means leverage is still piling up, and the real panic hasn’t arrived yet.
Leverage is a meat grinder—if you get the direction wrong, your principal becomes the fuel.
Over the past 24 hours, the crypto market has again carried out a bloody purge. Liquidations across the web totaled as much as $674 million, with 94,554 people worldwide trapped. Among them, long liquidations reached $292 million, while short liquidations amounted to $381 million. The largest single liquidation occurred in Hyperliquid’s ETH-USD contract, worth $20.28 million.
But what’s truly worth warning about is that the Fear & Greed Index remains as high as 67—still in the Greed zone!
On one side, $674 million is gone in a flash; on the other, the emotions haven’t been hurt enough yet, and people are still charging in. The cruelest part of the market is that it always strikes at the highest point of greed.
Liquidation data doesn’t lie: ETH short positions were liquidated by $215 million. Open interest in altcoins has surpassed Bitcoin for the first time—historically, this is often accompanied by the risk of a pullback.
$674 million is just the beginning. The Greed zone means leverage is still piling up, and the real panic hasn’t arrived yet.
Leverage is a meat grinder—if you get the direction wrong, your principal becomes the fuel.