Crypto just got hit with a serious leverage reset.

Over $369M in derivatives positions were liquidated, with longs taking most of the damage.

And this wasn’t simply a BTC move.

Oil surged, Treasury yields pushed toward 4.8%, and geopolitical tensions added pressure across risk assets.

That’s how liquidation cascades happen:

Price drops → stops trigger → liquidations accelerate selling → more positions get wiped.

The bigger question now is whether this flush has cleared enough leverage from the market.

A sharp liquidation event can create opportunities, but catching the exact bottom is another game.

Would you buy the dip here, or wait for confirmation? $OIL #OIL #BingX