LONGS JUST GOT MASSACRED.
$98M liquidated in the last hour.
97% were longs.
$ETH H led the bloodbath with nearly $48M wiped.
$SOL and $XRP also got clipped hard.
Meanwhile AI narrative still cooking — $Q up over 100% in 24h.
Leverage is a trap. Spot demand still MIA.
Tip: When longs dominate liquidations this hard, the bounce usually needs real spot buyers not just short covering.
$98M liquidated in the last hour.
97% were longs.
$ETH H led the bloodbath with nearly $48M wiped.
$SOL and $XRP also got clipped hard.
Meanwhile AI narrative still cooking — $Q up over 100% in 24h.
Leverage is a trap. Spot demand still MIA.
Tip: When longs dominate liquidations this hard, the bounce usually needs real spot buyers not just short covering.