$BTC dropped under $81,000 and wiped out $400M in long positions in just 20 minutes.
This kind of violent move shows how overleveraged the market had become. When everyone's positioned the same way, even a small dip triggers cascading liquidations that accelerate the selloff.
Typical late-cycle behavior — euphoria builds, leverage stacks up, then one sharp move cleans out the weak hands. The speed of the liquidation cascade (20 minutes) tells you how crowded that trade was.
Watch for where the bleeding stops. These flush-outs often create better entry points once the forced selling exhausts itself.
This kind of violent move shows how overleveraged the market had become. When everyone's positioned the same way, even a small dip triggers cascading liquidations that accelerate the selloff.
Typical late-cycle behavior — euphoria builds, leverage stacks up, then one sharp move cleans out the weak hands. The speed of the liquidation cascade (20 minutes) tells you how crowded that trade was.
Watch for where the bleeding stops. These flush-outs often create better entry points once the forced selling exhausts itself.