LONGS GOT HUNTED. $256M flushed in 24h — 88% of it was leverage pointing the wrong way.
Binance ate $174.4M of that. BTC led the wreck at $79.1M liquidated. ETH followed at $60.6M.
The landmine: a ~$252M ETH long is sitting on thin ice. Liquidation levels sit at $2,446 and $2,424. Spot is ~$2,567. One more shove and that book becomes someone else's exit liquidity.
Majors are red. BTC ~$83K. SOL ~$115. XRP ~$1.41, down ~4.5%. Market cap sliced to ~$2.83T. ETF outflows and sticky yields did the rest.
Only relative green in the top pack: $NEAR, up ~4.6% while the rest bled. Strength in a long-flush is not a trophy. It is a watchlist.
Funding reset. Crowd is still long. That is the trap.
Binance ate $174.4M of that. BTC led the wreck at $79.1M liquidated. ETH followed at $60.6M.
The landmine: a ~$252M ETH long is sitting on thin ice. Liquidation levels sit at $2,446 and $2,424. Spot is ~$2,567. One more shove and that book becomes someone else's exit liquidity.
Majors are red. BTC ~$83K. SOL ~$115. XRP ~$1.41, down ~4.5%. Market cap sliced to ~$2.83T. ETF outflows and sticky yields did the rest.
Only relative green in the top pack: $NEAR, up ~4.6% while the rest bled. Strength in a long-flush is not a trophy. It is a watchlist.
Funding reset. Crowd is still long. That is the trap.