Leveraged buyers just took almost the entire hit. In the last 30 minutes, $60.0M of positions were force closed across 519 coins on the major venues. $58.6M of that was longs, 98% of the total, against $1.4M of shorts.

Bitcoin longs lost $33.1M and Ether longs $11.2M. The two largest single orders landed on Binance at 23:45 UTC: a $7.5M $BTC long at $78.1K and a $4.8M $ETH long at $2.3K.

$BTC trades at $77.8K, -4.35% over 24 hours, with the session low at $77.7K. $ETH is at $2.2K, -5% on the day.