Urgent: $172M in Longs Liquidated Across $BTC and $ETH in 60 Minutes
Over $172M in leveraged long positions just got wiped in a single hour. Here is the signal:
- $BTC and $ETH sliding fast simultaneously - Cascading liquidations accelerating across the market - Leveraged traders being aggressively flushed out
Why this matters: Liquidation cascades above $150M per hour historically signal capitulation. Each forced close triggers the next, creating a chain reaction that pushes prices below fair value before stabilizing.
Until the excess leverage is cleared, expect elevated volatility and deeper wicks on both $BTC and $ETH.
Verdict: Stay cautious. Do not catch this knife until the cascade exhausts itself.
