Down just 2.18%, yet longs lost $307 million—this sell-off wasn’t about the size of the drop, but about being on the wrong side.
Over the past 24 hours, $365.9 million in positions were liquidated across the crypto market, affecting 93,206 traders. Longs accounted for $306.7 million, or 83.8%, while shorts accounted for just $59.2 million.
Binance spot prices line up: $BTC is at $76,528, down 2.18%, with a 24-hour low of $76,389; $ETH is at $2,246, down 1.87%; and $SOL is at $91.56, down 3.17%.
The drop wasn’t particularly deep, but a large number of leveraged positions were wiped out first—suggesting many traders used leverage to buy the dip above $76,000.
The next levels to watch: will $BTC reclaim $77,000 first, or break below the low of $76,389? This is not investment advice.
Over the past 24 hours, $365.9 million in positions were liquidated across the crypto market, affecting 93,206 traders. Longs accounted for $306.7 million, or 83.8%, while shorts accounted for just $59.2 million.
Binance spot prices line up: $BTC is at $76,528, down 2.18%, with a 24-hour low of $76,389; $ETH is at $2,246, down 1.87%; and $SOL is at $91.56, down 3.17%.
The drop wasn’t particularly deep, but a large number of leveraged positions were wiped out first—suggesting many traders used leverage to buy the dip above $76,000.
The next levels to watch: will $BTC reclaim $77,000 first, or break below the low of $76,389? This is not investment advice.
