🔴 $INIT Longs Annihilated — $4.21K Liquidated at $0.69248!
ALERT! The bulls just got blown out of their positions —
$4,215.8 worth of long positions on #INIT were liquidated at $0.69248 as the market turned unforgiving.
What happened?
Traders went long expecting a breakout — but instead, the price took a sharp dive, punishing over-leveraged positions and forcing a major liquidation wave. This is not just a dip… this is a bloodletting.$INIT
Why this is significant:
A liquidation this size shows serious exposure — bulls were deep in.
As these longs got wiped out, sell pressure surged, dragging price further down.
These are the moments that reset the board — clearing weak hands and setting up for either capitulation or comeback.
Market Mood:
Fear is in the air. Volatility is peaking.
The question now — is this the bottom shakeout, or the start of something steeper?
Watch These Zones:
Critical Support: $0.6800 — if this fails, next stop could be $0.6520
Recovery Signal: A reclaim of $0.7050 with volume
Bearish Momentum Line: $0.6920 — once support, now resistance
Final Take:
INIT just sent a brutal message to greedy longs — risk without caution invites pain.
But in this chaos lies opportunity. Smart money is watching for the bounce, the trap, or the breakdown.
CoinCrafters — it's game time. Stay alert, or get liquidated.