Mass liquidations worth $400 million
• What happened: over $400 million in positions were liquidated in a single day. Bitcoin fell below $115,000, Ethereum below $4,200.
• Key point: most of the liquidations were long positions (the market was overheated).
• What this means: the market is currently vulnerable to sharp movements. In the short term, another wave of decline is possible, especially if BTC breaks support around $110k.
