🚨 $1.72 BILLION LIQUIDATED AND THE BULLS GOT SLAUGHTERED 🩸📉
👀 The market just experienced one of the biggest leverage cleanses in recent months.
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💥 Over $1.72B was liquidated in just 24 hours.
🩸 Of that total, $1.49B came from long positions, making it clear who was caught on the wrong side.
📊
$BTC led the bloodbath with around $774M in liquidations, while
$ETH added another $393M.
🐳 What's crucial is not just how much was liquidated, but what it signifies:
👉 Most were expecting a pump.
👉 The market was heavily tilted towards
#long s.
👉 The
#market makers found a massive liquidity pool beneath the price.
🔥 When 85%-90% of liquidations come from longs, it usually means the excess optimism has been wiped out of the market.
⚠️ But be careful, a massive liquidation doesn't guarantee that the bottom is in.
Historically,
#BTC can keep dropping after large liquidation events if real selling continues to come in at
#Spot .
📉 Bearish pressure is still present.
📉 Fear is through the roof.
📉 Many buyers got caught.
🐳 What you don't see is that after wrecking so many longs, the market starts to build up fuel for the opposite move.
If sellers run out and start accumulating
#shorts aggressively, a strong bounce could appear when most least expect it.
🎯 In the short term, 60k remains a key liquidity zone.
🎯 But each dip is wiping out more weak leverage from the system.
🔥 The market just reminded everyone that when the crowd leans too far to one side, it usually ends up paying the price. 🐳🩸📉