đš $1.19 BILLION WIPED OUT IN 24 HOURS â $ETH TAKES A MASSIVE HIT!
The crypto market just experienced a brutal liquidation wave, and Ethereum longs were hit nearly 6Ă harder than Bitcoinâs in relative terms.
đ„ Hereâs What Traders Need to Know:
đŁ $1.19B in total liquidations within 24 hours
đŽ $ETH Liquidations: ~$356M
đ #BTC Liquidations: ~$298M
â ïž Over $1 BILLION came from long positions.
đ Market Snapshot:
$BTC : Dropped to ~$80.4K before bouncing toward $82Kâ$83K. The $83K level is key to reclaim.
$ETH: Trading around $2,490, down more than 3%, with the $2,400â$2,500 zone in focus.
Hawkish Fed minutes and rising Iran-related tensions added pressure to the market, triggering a painful flush of leveraged positions.
đŻ Whatâs Next?
The next major catalyst is US CPI on October 14. Inflation data could bring fresh volatility across the crypto market.
đ My #ETH Game Plan:
ETH leverage looked heavily crowded. I want to see the $2,400â$2,500 zone hold before trusting a meaningful recovery. If support fails, further downside remains possible.
đŹ What do you think, guys?
Has the leverage flush finally cleared the market, or is another liquidation wave coming? đ
â€ïž Follow for more crypto market updates, liquidation breakdowns, and key trading levels.
The crypto market just experienced a brutal liquidation wave, and Ethereum longs were hit nearly 6Ă harder than Bitcoinâs in relative terms.
đ„ Hereâs What Traders Need to Know:
đŁ $1.19B in total liquidations within 24 hours
đŽ $ETH Liquidations: ~$356M
đ #BTC Liquidations: ~$298M
â ïž Over $1 BILLION came from long positions.
đ Market Snapshot:
$BTC : Dropped to ~$80.4K before bouncing toward $82Kâ$83K. The $83K level is key to reclaim.
$ETH: Trading around $2,490, down more than 3%, with the $2,400â$2,500 zone in focus.
Hawkish Fed minutes and rising Iran-related tensions added pressure to the market, triggering a painful flush of leveraged positions.
đŻ Whatâs Next?
The next major catalyst is US CPI on October 14. Inflation data could bring fresh volatility across the crypto market.
đ My #ETH Game Plan:
ETH leverage looked heavily crowded. I want to see the $2,400â$2,500 zone hold before trusting a meaningful recovery. If support fails, further downside remains possible.
đŹ What do you think, guys?
Has the leverage flush finally cleared the market, or is another liquidation wave coming? đ
â€ïž Follow for more crypto market updates, liquidation breakdowns, and key trading levels.