🚨 A 3% Move Just Wiped Out $36M in Ethereum DeFi
A roughly 3% drop in PT-reUSD triggered $36.4M in liquidations on Morpho.

Here’s what happened:
🔹 A large YT-reUSD trade pushed PT-reUSD lower
🔹 Some traders were using PT-reUSD as collateral to borrow USDC
🔹 Many leveraged positions had less than 3% headroom
🔹 The price drop triggered automatic liquidations

The key takeaway: in DeFi, even a small price move can cause massive liquidations when leverage and thin margins pile up.
Small move. $36M wiped out.

#dyor #NFA✅