LONGS GOT HUNTED. AGAIN!!
Oil ripped past $101 on Strait of Hormuz tanker hits. Crypto paid the bill.
~$550–700M liquidated in 24h. ~90%+ longs. Biggest single wipe: ~$26.6M on Binance ETHUSDC.
$ETH led the bleed (~$174–236M liqs), trading near $2,560–$2,600. $BTC Tslipped under $84K. L2s took the real damage — $OP ~−10%, ARB ~−7%. DeFi −6%. Memes −5%.
Funding on majors flipped slightly negative. Shorts are paying longs. OI barely budged while volume jumped. That is a flush, not a fresh bid.
Next macro landmine: US 30-year auction today, CPI Oct 14. Leverage is the trap until then.
Oil ripped past $101 on Strait of Hormuz tanker hits. Crypto paid the bill.
~$550–700M liquidated in 24h. ~90%+ longs. Biggest single wipe: ~$26.6M on Binance ETHUSDC.
$ETH led the bleed (~$174–236M liqs), trading near $2,560–$2,600. $BTC Tslipped under $84K. L2s took the real damage — $OP ~−10%, ARB ~−7%. DeFi −6%. Memes −5%.
Funding on majors flipped slightly negative. Shorts are paying longs. OI barely budged while volume jumped. That is a flush, not a fresh bid.
Next macro landmine: US 30-year auction today, CPI Oct 14. Leverage is the trap until then.