LONGS GOT HUNTED. OIL LIT THE FUSE.
Brent punched above $101 after tanker attacks in the Strait of Hormuz. Crypto did not get a vote.
BTC slipped under $84K. ETH took the bigger hit — roughly $174M–$236M of the flush was Ether. Across the tape, 24h liquidations ran $547M–$700M, and ~90%+ of that was longs.
Alts bled harder. DeFi ~−6%. Memes ~−5%. L2s led the damage after Abstract shut its chain. Spot BTC ETFs still printed +$119M inflows Tuesday — bids existed, leverage did not care.
Funding on majors flipped slightly negative. Shorts are paying to stay short. Last 4h even flipped: shorts got squeezed, not longs. Crowded bullish perps just got reset.
$NEAR was the weird green print (+~6%, funding still positive) while the rest of the board was red. Relative strength in a risk-off tape is either early or bait. Watch the oil headline, not the timeline.
$ETH $BTC $NEAR
Brent punched above $101 after tanker attacks in the Strait of Hormuz. Crypto did not get a vote.
BTC slipped under $84K. ETH took the bigger hit — roughly $174M–$236M of the flush was Ether. Across the tape, 24h liquidations ran $547M–$700M, and ~90%+ of that was longs.
Alts bled harder. DeFi ~−6%. Memes ~−5%. L2s led the damage after Abstract shut its chain. Spot BTC ETFs still printed +$119M inflows Tuesday — bids existed, leverage did not care.
Funding on majors flipped slightly negative. Shorts are paying to stay short. Last 4h even flipped: shorts got squeezed, not longs. Crowded bullish perps just got reset.
$NEAR was the weird green print (+~6%, funding still positive) while the rest of the board was red. Relative strength in a risk-off tape is either early or bait. Watch the oil headline, not the timeline.
$ETH $BTC $NEAR