The $500M headline is overstated. Coinglass shows $225M liquidated in the past hour—$174M of it longs . Still brutal, just not half a billion.
What actually happened:
BTC broke $69,000, bottoming at $68,943 before stabilizing near $69,300 . ETH hit $1,949 . XRP touched $0.9998 . SOL slid to $78.29 .
The 24-hour picture is worse than the hourly one: 134,178 traders liquidated, $1.036 billion total . The largest single liquidation was a $31M BTC order on Hyperliquid .
This was a long squeeze. Leveraged bulls got flushed, not a broad panic.
BTC is sitting right on the $69K line. Hold it and the damage stays contained. Lose it and the next leg opens up.
$BARD
#SoFiExpandsSoFiUSDStablecoinToPolygon #HedgeFundsCMEBitcoinNetShortsFall89% #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #HuangExitNvidiaStrategyInFocus
What actually happened:
BTC broke $69,000, bottoming at $68,943 before stabilizing near $69,300 . ETH hit $1,949 . XRP touched $0.9998 . SOL slid to $78.29 .
The 24-hour picture is worse than the hourly one: 134,178 traders liquidated, $1.036 billion total . The largest single liquidation was a $31M BTC order on Hyperliquid .
This was a long squeeze. Leveraged bulls got flushed, not a broad panic.
BTC is sitting right on the $69K line. Hold it and the damage stays contained. Lose it and the next leg opens up.
$BARD
#SoFiExpandsSoFiUSDStablecoinToPolygon #HedgeFundsCMEBitcoinNetShortsFall89% #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #HuangExitNvidiaStrategyInFocus
