#Liquidations Until now, I still haven't recovered from "DAZED"! In the last 24 hours, the crypto market has just gone through a rare "massacre" of leverage 😱

Shocking data:

• Liquidations 24h: ~$19.3B

• Traders affected: ~1.64M accounts

• Largest order: ETH–USDT ~$203M (Hyperliquid)

→ The entire order book feels like it was bulldozed: thick leverage, thin liquidity, liquidation bots sweeping across the price board.

What does this indicate?

This is a simultaneous margin call: funding reversed, OI evaporated, risk sentiment collapsed. The drop happened too quickly for the system to absorb, creating a domino effect 📉

Quick scenarios:

Bull: Volatility cools down, spot money supports prices → a relief bounce may appear when leverage has been “cleansed.”

Bear: Volatility persists + OI has not been re-accumulated → risk of a second flush.

Risk management: Reduce leverage, set stop losses, prioritize liquidity

⚠️Follow to receive condensed data every day & share your perspective!