📉 Market Volatility Update: $700M+ Liquidated
The crypto market just weathered a massive deleveraging event. In the last 24 hours, total liquidations surged to approximately $705 million.
The breakdown shows a significant "long squeeze," with bullish traders taking the brunt of the hit:
Long Liquidations: $503M💲
Short Liquidations: $201M💲
Why this matters?
This lopsided data suggests a sharp price drop caught over-leveraged buyers off guard, flushing out billions in open interest. While painful for those liquidated, these events often clear the path for more stable price action once the dust settles.
#MarketSentimentToday #ADPWatch #StrategyBTCPurchase
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