Yesterday’s sell-off was brutal: $458 million was liquidated in 24 hours, wiping out over 100,000 retail traders. Long positions accounted for $418 million. BTC plunged straight through $81,500, while ETH fell to $2,374. Binance alone accounted for 43.5% of total liquidations, and the largest single liquidation was a $11.78 million BTC long position. Put simply, this wasn’t panic selling—traders were forced out because leverage was too high. The sharp drop actually flushed out the excess leverage. $BTC #Liquidations