This wasn’t a normal dip. It was a leverage flush.
Crypto just erased $115M in leveraged positions in ONE hour — $109M of it longs.
The trigger sits outside crypto: U.S. 10Y yields broke 5%, Brent pushed above $108, and the Fed decision lands tomorrow.
Three pressure points hit at once: oil, yields, leverage.
When 95% of an hourly liquidation wave comes from longs, the market isn’t just falling. It’s resetting.
Crypto just erased $115M in leveraged positions in ONE hour — $109M of it longs.
The trigger sits outside crypto: U.S. 10Y yields broke 5%, Brent pushed above $108, and the Fed decision lands tomorrow.
Three pressure points hit at once: oil, yields, leverage.
When 95% of an hourly liquidation wave comes from longs, the market isn’t just falling. It’s resetting.