$BTC
$BTC What Happened?
- *High leverage + extreme volatility = instant destruction*
- Market likely saw a *sharp move (either a pump or dump)* that crushed overleveraged traders
- Both *longs and shorts* may have been caught, depending on the move direction
🔍 What Is a Liquidation?
When traders use leverage (borrowed capital), and the market moves against them, their position gets *automatically closed*.
It’s like a forced exit — and when thousands happen at once, it *amplifies the market crash or spike*. 🧨