⚠️ $172M in longs wiped out across $BTC and $ETH in 60 minutes
Market snapshot:
• BTC and ETH moving sharply lower together
• Liquidation cascade intensifying
• Leveraged positions getting cleared rapidly
Why it matters: Large-scale liquidations like this often act as a reset. Forced selling fuels further downside, creating a feedback loop that can drive price below equilibrium before stabilizing.
Outlook: Volatility remains high. Expect continued wicks and unstable price action until the cascade fully unwinds.
Approach with caution—let the market settle before stepping in.