$978 million liquidated in 24 hours. 72% were longs. But the split is the story.
ETH took $41.85 million in liquidations. BTC took $33.98 million. The second-largest asset got hit harder than the largest.
That doesn't happen in a normal flush. It means leverage was crowded in ETH, not BTC. The market was positioned for an altcoin bounce that didn't come.
BTC dominance is at 60.07%. The price is below $80K. The Fed decision on Wednesday is the next real test.
$BTC $ETH #Liquidations #Leverage #MarketStructure #RiskOffMode #CryptoMarkets