The market just saw a brutal flush as over $250M in long positions were wiped out within hours.
Bitcoin dropped below $67K, while Ethereum slipped under the $2K mark — triggering a wave of liquidations across leveraged traders.
This kind of move shows how quickly momentum can shift. When price starts falling, overleveraged positions get forced out, adding more selling pressure and accelerating the drop.
Smart money stays cautious in moments like this. High leverage works both ways — and today, it punished late longs hard.
Stay sharp, manage risk, and don’t chase the market blindly.