JUST IN ⚡
A year after the market’s biggest liquidation, over $16.69 billion in longs and $2.46 billion in shorts vanished in a single day 🔥
The cascade triggered massive margin calls across major exchanges. Liquidity drained rapidly, leaving traders scrambling for exits. Regulators are monitoring the fallout, citing systemic risk concerns. Recovery remains slow as positions stay underwater.
Market sentiment remains fragile.
$MAGIC, $KAIA, $MAGIC
A year after the market’s biggest liquidation, over $16.69 billion in longs and $2.46 billion in shorts vanished in a single day 🔥
The cascade triggered massive margin calls across major exchanges. Liquidity drained rapidly, leaving traders scrambling for exits. Regulators are monitoring the fallout, citing systemic risk concerns. Recovery remains slow as positions stay underwater.
Market sentiment remains fragile.
$MAGIC, $KAIA, $MAGIC