$356M wiped in 24h.
Bigger notional than $BTC — on a market roughly 1/5 the size.
Damage rate: ~6x Bitcoin’s.
Total crypto flush: ~$1B.
Mostly longs.
Biggest single print: nearly $20M ETH on Hyperliquid.
$ETH sitting near $2,490 after the slide.
$BTC reclaimed ~$82.5k on the “no Iran strike” headline.
Uptober is flushing leverage, not dreams.
Tomorrow is the anniversary of last year’s $19B liquidation day.
Leverage is still the exit liquidity.
$ETH $BTC
Bigger notional than $BTC — on a market roughly 1/5 the size.
Damage rate: ~6x Bitcoin’s.
Total crypto flush: ~$1B.
Mostly longs.
Biggest single print: nearly $20M ETH on Hyperliquid.
$ETH sitting near $2,490 after the slide.
$BTC reclaimed ~$82.5k on the “no Iran strike” headline.
Uptober is flushing leverage, not dreams.
Tomorrow is the anniversary of last year’s $19B liquidation day.
Leverage is still the exit liquidity.
$ETH $BTC