🚨 $522M Liquidated in 24H — Crypto Market Faces Brutal Shakeout

📊 Market Overview In the past 24 hours, the crypto market witnessed $522 million in total liquidations, sending shockwaves across leveraged positions. According to Coinglass data, longs took the biggest hit, with $373M wiped out, while shorts lost $149M2.

🔍 Asset Breakdown

BTC Liquidation: $134M

ETH Liquidation: $94.35M

Other Altcoins: Significant drawdowns across SOL, XRP, and meme coins

📉 Sentiment Shift This liquidation wave follows a whale-triggered sell-off, where a dormant wallet moved 17,000 BTC to Galaxy Digital, sparking fears of a broader dump. The move led to $400M in long positions liquidated within hours, dragging BTC below $117K and ETH under $3,000.

💥 Short Squeeze Drama Just days earlier, $1B in shorts were wiped as BTC rallied to new highs. Now, the tables have turned. Traders caught in over-leveraged longs are facing the consequences of rapid sentiment reversals.

🧠 What This Means

Retail Trap Alert: Many traders were positioned for continuation, ignoring whale distribution signals.

Liquidity Zones Breached: Heatmaps show magnet zones around $116K BTC and $2,950 ETH.

Risk Management Crucial: This event reinforces the need for disciplined TP/SP placement and avoiding emotional entries.

📌 Final Thoughts The market is in high volatility mode. Whether this is a healthy correction or the start of a deeper retrace depends on upcoming macro data and whale behavior. Stay sharp, manage risk, and don’t chase pumps blindly.

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