LONGS JUST GOT HUNTED.
$404M+ in long liquidations in four hours.
ETH liquidations nearly matched BTC’s despite 1/5 the market cap.
$ETH slammed to 2-month lows near $2,280.
$SOL cracked under $100.
Arthur Hayes dumped $22M of alts (ETH, ENA, UNI) and said: “we gotta go down to go up.” Sitting on the sidelines.
Weekend thin books + macro/geo risk = leverage wipeout.
Tip: Thin weekend liquidity amplifies moves confirm spot absorption before chasing any bounce.