First came the hack headlines.
Then came the flush.
$1.67B in leveraged positions wiped out in 24 hours. 254,045 traders liquidated — 86% of them longs. $BTC alone accounted for ~$560M of it.
And yet, Bitcoin dipped to $76,326… and held.
$ETH took a ~$360M hit in the same flush, but the story is the same: leverage got cleared out, spot didn't break.
Live right now: BTC ~$77,340 (-1.0%), still above that $76,326 floor. Levels I'm watching as Europe opens: $78,326 on top, $76,326 below. After a flush this big, if the floor holds, that's the market telling us something.
Just reading the data here, not making a call. DYOR always.
Were you caught in the flush, or watching from the sidelines? 👇
#Bitcoin #Liquidation
Then came the flush.
$1.67B in leveraged positions wiped out in 24 hours. 254,045 traders liquidated — 86% of them longs. $BTC alone accounted for ~$560M of it.
And yet, Bitcoin dipped to $76,326… and held.
$ETH took a ~$360M hit in the same flush, but the story is the same: leverage got cleared out, spot didn't break.
Live right now: BTC ~$77,340 (-1.0%), still above that $76,326 floor. Levels I'm watching as Europe opens: $78,326 on top, $76,326 below. After a flush this big, if the floor holds, that's the market telling us something.
Just reading the data here, not making a call. DYOR always.
Were you caught in the flush, or watching from the sidelines? 👇
#Bitcoin #Liquidation
