💥 $1.19 BILLION IN CRYPTO POSITIONS JUST GOT WIPED OUT
The recent market selloff wasn't just a normal dip.
About $1.19B in leveraged crypto positions were liquidated in 24 hours.
And here's where it gets interesting:
🔴 $ETH : ~$356M liquidated
🔴 $BTC : ~$298M
🔴 $SOL: ~$71M
🔴 $XRP: ~$34M
🔴 $NEAR: ~$25M
Ethereum traders were hit especially hard.
ETH liquidations were actually HIGHER than Bitcoin's despite ETH having a much smaller market cap.
Why?
Leverage.
When traders pile into leveraged positions, a relatively small move can trigger forced selling — which creates even more selling.
That's how a correction can suddenly become a cascade.
👀 Watch leverage before assuming every dip is a buying opportunity.
$BTC ETH $SOL
#BTC #BuyTheDip #Crypto #Follow4more
The recent market selloff wasn't just a normal dip.
About $1.19B in leveraged crypto positions were liquidated in 24 hours.
And here's where it gets interesting:
🔴 $ETH : ~$356M liquidated
🔴 $BTC : ~$298M
🔴 $SOL: ~$71M
🔴 $XRP: ~$34M
🔴 $NEAR: ~$25M
Ethereum traders were hit especially hard.
ETH liquidations were actually HIGHER than Bitcoin's despite ETH having a much smaller market cap.
Why?
Leverage.
When traders pile into leveraged positions, a relatively small move can trigger forced selling — which creates even more selling.
That's how a correction can suddenly become a cascade.
👀 Watch leverage before assuming every dip is a buying opportunity.
$BTC ETH $SOL
#BTC #BuyTheDip #Crypto #Follow4more