LONGS GOT HUNTED!!. Oil spiked. Leverage paid the bill.
Brent punched above $101 after tanker attacks in the Strait of Hormuz. Risk assets dumped with it.
~$550–610M liquidated in 24h. About 90% of that was longs. Biggest single print: ~$26.6M on Binance ETH-USDC.
$ETH led the damage, down ~5% toward $2,560–$2,600. $SOL and $DOGE bled harder than majors. Funding cooled fast — crowded longs just got rinsed.
Uptober narrative is on pause. Next macro prints (bond auction, then CPI Oct 14) still sit in front of the tape.
Brent punched above $101 after tanker attacks in the Strait of Hormuz. Risk assets dumped with it.
~$550–610M liquidated in 24h. About 90% of that was longs. Biggest single print: ~$26.6M on Binance ETH-USDC.
$ETH led the damage, down ~5% toward $2,560–$2,600. $SOL and $DOGE bled harder than majors. Funding cooled fast — crowded longs just got rinsed.
Uptober narrative is on pause. Next macro prints (bond auction, then CPI Oct 14) still sit in front of the tape.