$1.6B LIQUIDATION WAVE JUST CRUSHED THE LONGS
BTC broke $70K. Dollar ripped. Fed hike fears did the rest.
Longs took ~90% of the damage. ETH and SOL got dragged in the cascade too. OI flushed harder on some alts than price alone.
Extreme Fear is locked in. The leverage is gone. What's left?
$BTC
$ETH
$SOL
What would need to shift in funding rates or open interest for this flush to look more like a reset than a continuation?
BTC broke $70K. Dollar ripped. Fed hike fears did the rest.
Longs took ~90% of the damage. ETH and SOL got dragged in the cascade too. OI flushed harder on some alts than price alone.
Extreme Fear is locked in. The leverage is gone. What's left?
$BTC
$ETH
$SOL
What would need to shift in funding rates or open interest for this flush to look more like a reset than a continuation?
