😍$1.19 BILLION LIQUIDATED IN 24 HOURS!

Ethereum longs took a brutal hit, with ETH liquidations reportedly exceeding Bitcoin’s despite ETH’s much smaller market size. ⚠️

📉 Here’s the breakdown:

🔻 Total liquidations: $1.19B
🔻 ETH liquidations: ~$356M
🔻 BTC liquidations: ~$298M
🔻 Over $1B wiped out from long positions

📊 Key Levels to Watch

₿ $BTC: Reclaim $83K; support near $80.4K
♦️ $ETH: Around $2,490, down over 3%, with $2,400–$2,500 as a key zone to watch.

Hawkish Fed minutes and headlines surrounding Iran pressured the market, pushing BTC toward $80.4K before a bounce toward $82K.

📅 Next Major Catalyst: US CPI, scheduled for October 14.

My take? 👀 $ETH leverage looked overcrowded, and this liquidation wave may have cleared some excess positions. But I want to see the $2,400–$2,500 zone hold before trusting a sustained recovery.

🔥 The big question: Has ETH leverage finally been flushed out, or is another liquidation wave coming?

Drop your thoughts below! 👇

#Bitcoin #Ethereum #CryptoLiquidations #BTC #ETH #CryptoMarket $BTC

$ETH