$223 million in longs just got liquidated in under an hour , two days after shorts got crushed on the same $BTC move in reverse.
That's the pain nobody talks about enough. You size up after a bounce, feel confirmed, then a 3% dip turns your leverage into someone else's exit liquidity.
Bitcoin fell back under $84K and about $230 million vanished in sixty minutes. Longs took $223 million of it, with $BTC and $ETH making up more than half the total.
Monday's rally above $87K already wiped hundreds of millions in shorts. Wednesday flipped it. The noise around U.S.,Iran talks is just extra pressure on anything that looks like risk.
Cascades don't need a new thesis. They need clustered stops. When too many longs sit under a round number, one poke becomes a chain reaction. Same thing happened to shorts above $87K. The market isn't choosing a side this week. It's harvesting leverage on both.
Anyone else seeing both sides get hunted like this?
#Bitcoin #Liquidations #Crypto
That's the pain nobody talks about enough. You size up after a bounce, feel confirmed, then a 3% dip turns your leverage into someone else's exit liquidity.
Bitcoin fell back under $84K and about $230 million vanished in sixty minutes. Longs took $223 million of it, with $BTC and $ETH making up more than half the total.
Monday's rally above $87K already wiped hundreds of millions in shorts. Wednesday flipped it. The noise around U.S.,Iran talks is just extra pressure on anything that looks like risk.
Cascades don't need a new thesis. They need clustered stops. When too many longs sit under a round number, one poke becomes a chain reaction. Same thing happened to shorts above $87K. The market isn't choosing a side this week. It's harvesting leverage on both.
Anyone else seeing both sides get hunted like this?
#Bitcoin #Liquidations #Crypto
