$632M wiped in 24hrs. $526M longs vs $106M shorts.
83% of liquidations = overleveraged longs getting rekt.
This wasn't a dip. This was a leverage flush.
If you were 10x long on hopium, you just got taught a lesson. Market doesn't care about your conviction when you're overextended.
Clean slate now. Watch for the bounce or the next leg down.
83% of liquidations = overleveraged longs getting rekt.
This wasn't a dip. This was a leverage flush.
If you were 10x long on hopium, you just got taught a lesson. Market doesn't care about your conviction when you're overextended.
Clean slate now. Watch for the bounce or the next leg down.
