๐จ $1.19 BILLION WIPED OUT IN 24 HOURS โ $ETH TAKES A MASSIVE HIT!
The crypto market just experienced a brutal liquidation wave, and Ethereum longs were hit nearly 6ร harder than Bitcoinโs in relative terms.
๐ฅ Hereโs What Traders Need to Know:
๐ฃ $1.19B in total liquidations within 24 hours
๐ด $ETH Liquidations: ~$356M
๐ #BTC Liquidations: ~$298M
โ ๏ธ Over $1 BILLION came from long positions.
๐ Market Snapshot:
$BTC : Dropped to ~$80.4K before bouncing toward $82Kโ$83K. The $83K level is key to reclaim.
$ETH: Trading around $2,490, down more than 3%, with the $2,400โ$2,500 zone in focus.
Hawkish Fed minutes and rising Iran-related tensions added pressure to the market, triggering a painful flush of leveraged positions.
๐ฏ Whatโs Next?
The next major catalyst is US CPI on October 14. Inflation data could bring fresh volatility across the crypto market.
๐ My #ETH Game Plan:
ETH leverage looked heavily crowded. I want to see the $2,400โ$2,500 zone hold before trusting a meaningful recovery. If support fails, further downside remains possible.
๐ฌ What do you think, guys?
Has the leverage flush finally cleared the market, or is another liquidation wave coming? ๐
โค๏ธ Follow for more crypto market updates, liquidation breakdowns, and key trading levels.
The crypto market just experienced a brutal liquidation wave, and Ethereum longs were hit nearly 6ร harder than Bitcoinโs in relative terms.
๐ฅ Hereโs What Traders Need to Know:
๐ฃ $1.19B in total liquidations within 24 hours
๐ด $ETH Liquidations: ~$356M
๐ #BTC Liquidations: ~$298M
โ ๏ธ Over $1 BILLION came from long positions.
๐ Market Snapshot:
$BTC : Dropped to ~$80.4K before bouncing toward $82Kโ$83K. The $83K level is key to reclaim.
$ETH: Trading around $2,490, down more than 3%, with the $2,400โ$2,500 zone in focus.
Hawkish Fed minutes and rising Iran-related tensions added pressure to the market, triggering a painful flush of leveraged positions.
๐ฏ Whatโs Next?
The next major catalyst is US CPI on October 14. Inflation data could bring fresh volatility across the crypto market.
๐ My #ETH Game Plan:
ETH leverage looked heavily crowded. I want to see the $2,400โ$2,500 zone hold before trusting a meaningful recovery. If support fails, further downside remains possible.
๐ฌ What do you think, guys?
Has the leverage flush finally cleared the market, or is another liquidation wave coming? ๐
โค๏ธ Follow for more crypto market updates, liquidation breakdowns, and key trading levels.