Brutal 24 hours. $2B in liquidations just wiped out.
$BTC dropped under $63k, $ETH fell below $1,730.
This is what overleveraged positions look like when they unwind all at once. The market doesn't care about your thesis when margin calls hit.
Worth watching: how quickly does buying pressure return at these levels? If we see immediate bounce attempts fail, could signal more downside ahead. If support holds and absorbs selling, different story.
Leverage resets like this are normal in crypto cycles — just painful in real time.
$BTC dropped under $63k, $ETH fell below $1,730.
This is what overleveraged positions look like when they unwind all at once. The market doesn't care about your thesis when margin calls hit.
Worth watching: how quickly does buying pressure return at these levels? If we see immediate bounce attempts fail, could signal more downside ahead. If support holds and absorbs selling, different story.
Leverage resets like this are normal in crypto cycles — just painful in real time.
