Binance Futures Sees $1.2B Liquidations — Is a Market Reset Underway?”
📢 Headline:
Major Futures Wipeout: $1.2B Liquidated in 24 Hours as Crypto Volatility Spikes
📰 What Happened:
Crypto markets faced a sharp volatility shock today as over $1.2 billion in positions were liquidated across major futures exchanges, with Bitcoin and top altcoins hit the hardest.
Long traders took the majority of the damage as BTC briefly fell below key support.
📊 Market Impact:
$BTC lost momentum and tested lower support zones.
$ETH and major altcoins followed with 5–12% corrections.
Market sentiment shifted from “greed” to “fear” within hours.
Analysts say the move looks like a forced reset before the next trend direction.
🛡 Security / Risk Angle:
High leverage exposure triggered cascading liquidations.
Funding rates flipped negative — signaling over-leveraged longs were flushed out.
Traders advised to avoid high leverage until volatility cools down.
💬 Community Reaction:
Many traders calling it a “healthy washout” that clears market excess.
Others fear more downside if macro pressure continues.
Derivatives traders expecting a strong bounce if BTC reclaims lost levels.