$674M LIQUIDATED AND THIS COULD GET WORSE!
The crypto market just experienced another massive wave of liquidations, with roughly $674M wiped out over the past 24 hours.
The crazy part wasn’t only the liquidation amount. $BTC suddenly jumped nearly $3,000, attracted late buyers and leveraged positions, then reversed aggressively and caught traders on the other side.
$BTC and $ETH took the biggest hit, but the volatility quickly spread across the altcoin market as well. #CryptoLiquidations$674MIn24H
Whether this move was triggered by macro data or simply amplified by leverage, the result is the same: the market is becoming increasingly sensitive to sudden price moves.
I still believe the bigger trend remains bullish. But with leverage building up again, expect more violent shakeouts before the next major move.
Stay careful with leverage. DYOR
The crypto market just experienced another massive wave of liquidations, with roughly $674M wiped out over the past 24 hours.
The crazy part wasn’t only the liquidation amount. $BTC suddenly jumped nearly $3,000, attracted late buyers and leveraged positions, then reversed aggressively and caught traders on the other side.
$BTC and $ETH took the biggest hit, but the volatility quickly spread across the altcoin market as well. #CryptoLiquidations$674MIn24H
Whether this move was triggered by macro data or simply amplified by leverage, the result is the same: the market is becoming increasingly sensitive to sudden price moves.
I still believe the bigger trend remains bullish. But with leverage building up again, expect more violent shakeouts before the next major move.
Stay careful with leverage. DYOR
