Extreme volatility has triggered over $410 million in liquidations, wiping out 91,748 traders in just 24 hours. Leveraged positions across the board were decimated as sudden price swings flushed out over-extended participants. This massive sweep has effectively reset market sentiment, cooling off the recent high-velocity momentum. The event serves as a sharp reminder of the risks inherent in high-leverage trading during turbulent periods. Capital vanished instantly as the "flush" hit both long and short positions simultaneously.
