๐จ BREAKING: $700M in Longs Wiped Out as Bitcoin Dips Below $115K ๐ฑ
Crypto markets just took a nasty turn.
๐ In a dramatic move, Bitcoin crashed below $114K, triggering over $700 million in long liquidations across the futures market. It's bounced back above $115K, but the volatility is far from over.
๐ According to CoinGlass:
Total liquidations: $804M
Longs accounted for 92% of the wipeout
Ethereum led with $250M liquidated
Bitcoin followed at $200M
๐ฅ Ethereumโs sharp drop after a recent breakout made it the biggest victim of this downturn. Meanwhile, Bitcoinโs Aggregated Open Interest was flashing red, signaling that the market was overheated โ and the shakeout hit hard.
๐ The big question: Was this just a temporary pullback or a deeper trend shift?
Traders, stay sharp. The whales just reminded us whoโs boss. ๐ณ๐ฅ
