ETH LONGS JUST GOT VAPORIZED.
One-hour wipeout: ~$370M liquidated. ETH alone ate ~$136M. BTC C ~$102M. Almost all longs.
$ETH knifed under $2,600. $BTC flushed toward $83K. Leverage got deleted in minutes.
This is a cascade, not a thesis. Funding was still mildly positive into the hit. Crowded longs paid the bill.
Watch $ETH reclaim of the break zone before calling a bounce. Below $2,600, dip-buyers are still target practice.
One-hour wipeout: ~$370M liquidated. ETH alone ate ~$136M. BTC C ~$102M. Almost all longs.
$ETH knifed under $2,600. $BTC flushed toward $83K. Leverage got deleted in minutes.
This is a cascade, not a thesis. Funding was still mildly positive into the hit. Crowded longs paid the bill.
Watch $ETH reclaim of the break zone before calling a bounce. Below $2,600, dip-buyers are still target practice.