🚨 OVER $1.6 BILLION WIPED OUT IN 24 HOURS — AND LONGS TOOK ~89% OF THE HIT! 💥📉
Crypto derivatives markets just suffered a brutal leverage flush, with $1.64B – $1.65 Billion in positions liquidated over the past 24 hours as Bitcoin ($BTC) broke below $70,000 (dipping under $68,000) and Ether ($ETH) fell below $2,000.
📌 The Carnage in Numbers
🔴 Longs Crushed (~89%): Nearly $1.46 Billion of the wipeout came from bullish long traders betting on a bounce.
🪙 Asset Breakdown: BTC led with ~$918M in liquidations, followed by ETH (~$287M), including a single $31.09M BTC long liquidated on Hyperliquid.
⚡ Why It Cascaded: Thin spot order books, continuous Spot Bitcoin ETF outflows, and DXY surging above 103 triggered automatic margin calls the moment $70K gave way.
⚠️ What If This Isn't Over Yet?
When macro liquidity tightens and the Fear & Greed Index hits Extreme Fear (20), forced deleveraging often comes in waves:
🛡️ Watch $68,000 (200-Week MA): If BTC fails to hold the $67.5k–$68k zone on a weekly close, remaining low-leverage longs risk getting swept toward $60,000.
$ZEC 🎯 Don't Catch Falling Knives: High leverage in a macro-driven selloff is a trap. Let funding rates reset and spot demand step in before sizing back up!
$XRP 💬 Do you think the worst of the liquidation flush is behind us, or is another leg down coming? Drop your take below! 👇
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