🚨 Nearly 490 MILLION in bullish bets were wiped out today… and Bitcoin lost 82,000 💥
Leverage unwound all at once, two days before the inflation data.
▪️ Bitcoin (~81,500): down ~3% after touching 84,300. Nearly 490M in leveraged positions were liquidated in 24h, and ~83% were long positions. Forced selling pushed the price down further. The 81,000–82,000 zone is support where buyers have stepped in before.
▪️ Ethereum (~2,427): down ~4.7% and led the day's liquidations. Its ETFs have seen outflows for 9 consecutive days, so Sunday's bounce had no institutional money behind it. If it loses 2,410, last week's low, selling pressure will return.
▪️ FET (~0.205): down ~14% after touching 0.244 on Sunday, with no negative news about the project. The coins that rose the most in the rebound are giving back the most as the market gets spooked. The 0.20 support level is the line to defend.
▪️ HYPE (~80.6): down ~7% and lost 82, the floor it held all week. Its network continues to generate fees that buy back the token—a real cushion. Below 80, it could see a deeper correction.
▪️ AVAX (~9.95): down ~9% and below 10 after rising ~50% in four weeks. This is profit-taking, not bad news about the network. A recovery above 10.5 would signal that the momentum is still alive.
Is this a shakeout before a rally, or the start of something worse? 👇
#Bitcoin #ETH #FET #HYPE #AVAX
Leverage unwound all at once, two days before the inflation data.
▪️ Bitcoin (~81,500): down ~3% after touching 84,300. Nearly 490M in leveraged positions were liquidated in 24h, and ~83% were long positions. Forced selling pushed the price down further. The 81,000–82,000 zone is support where buyers have stepped in before.
▪️ Ethereum (~2,427): down ~4.7% and led the day's liquidations. Its ETFs have seen outflows for 9 consecutive days, so Sunday's bounce had no institutional money behind it. If it loses 2,410, last week's low, selling pressure will return.
▪️ FET (~0.205): down ~14% after touching 0.244 on Sunday, with no negative news about the project. The coins that rose the most in the rebound are giving back the most as the market gets spooked. The 0.20 support level is the line to defend.
▪️ HYPE (~80.6): down ~7% and lost 82, the floor it held all week. Its network continues to generate fees that buy back the token—a real cushion. Below 80, it could see a deeper correction.
▪️ AVAX (~9.95): down ~9% and below 10 after rising ~50% in four weeks. This is profit-taking, not bad news about the network. A recovery above 10.5 would signal that the momentum is still alive.
Is this a shakeout before a rally, or the start of something worse? 👇
#Bitcoin #ETH #FET #HYPE #AVAX