### Crypto Liquidation Shock: Analysts Eye $400B in Binance Chaos
Trackers like Coinglass hint Binance's liquidation frenzy dwarfed headlines. Early figures said ~$19B, but analysts now peg it at $400B – crypto’s wildest wipeout. Coinglass notes Binance’s API snag caught ~5% of trades, suggesting a 20x bigger hit.
**What Happened**
A brutal sell-off spiked volumes, throttling Binance’s API and blinding trackers. Billions in positions likely torched before feeds caught up. Analysts are probing: real losses or data ghosts?
**Why It Stings**
If $400B holds, it’s the fiercest deleveraging since 2022, hitting:
- DeFi leveraged yields
- Stablecoin pools
- Big market makers
Exchange stability and data clarity are key to dodging domino dumps.
**Trader Tips**
- Watch exchange pings: API tweaks mess with live reads.
- Spread bets: Avoid single-platform traps in vol spikes.
- Set stops: Curb bleed when feeds lag.
Lags can turn ripples into tsunamis.
**Quick Hits**
**Q: $400B real?**
Modeled estimate from throttled data – still under review.
**Q: Why API jam?**
Vol surge triggered rate caps to stabilize.
**Q: Next?**
Exchanges will drop audits on scale and recovery.
Binance’s blowout may hit $400B – 20x initial buzz, shaking API trust. $ALT
ALTUSDT Perp: 0.02139 (+2.49%)
*Disclaimer: Not advice. Based on market scans and probes.*
