UPTOBER JUST GOT LIQUIDATED❗❗❗
$600M+ wiped in 24h. Longs ate almost all of it.
Biggest single hit: Binance ETHUSDC, ~$26.6M.
Oil ripped through $101 on Hormuz tanker hits. Yields followed. Risk got sold.
$ETH lost $2,600. $PEPE and the meme complex bled ~5%. $SOL cracked $120 and tagged ~$116.
Funding on majors flipped negative. Shorts are getting paid to wait. This is a leverage flush, not a funeral — until $2,600 is reclaimed, every bounce is suspect.
$600M+ wiped in 24h. Longs ate almost all of it.
Biggest single hit: Binance ETHUSDC, ~$26.6M.
Oil ripped through $101 on Hormuz tanker hits. Yields followed. Risk got sold.
$ETH lost $2,600. $PEPE and the meme complex bled ~5%. $SOL cracked $120 and tagged ~$116.
Funding on majors flipped negative. Shorts are getting paid to wait. This is a leverage flush, not a funeral — until $2,600 is reclaimed, every bounce is suspect.