HEAVY LIQUIDATION WAVE SLAMS DERIVATIVES AS
$VELVET DROPS OVER 42 PERCENT! ๐ป ๐จ
A brutal cascade of long liquidations just wiped out the futures order books across the board. ๐ฉธ
$VELVET led the carnage with a steep -42.53% drop, while
$CYS plunged -38.01% and
$BEAT tumbled -25.54% as high-leverage positions got completely unwound. ๐
When over-leveraged bids stack up without spot accumulation, smart money usually engineers a violent flush to clean out open interest. ๐ Price action like this creates severe order book inefficiency, signaling that a volatility pause or relief bounce might brew once seller exhaustion hits. ๐
Are you waiting for order flow to stabilize before fishing for a counter-trend setup, or is the downside momentum far from finished? ๐ค ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ
#VELVET #Futures #MarketFlush #Crypto #Altcoins ๐จ ๐