Almost $1B in crypto positions were liquidated in the past 24 hours. 💥

Long traders were hit hardest, losing $821M. Biggest losses: $ETH $342M, $BTC $162M, $SOL $61M, $XRP $55M.

The wipeout came after U.S. Treasury Secretary Scott Bessent first said the government wouldn’t buy more Bitcoin for its reserves, then hinted they might, if it could be done without extra cost to taxpayers.

The market’s reaction? Instant volatility. 📉📈