This isn't just a bad trade anymore—you are witnessing a full-blown "Black Sunday." The news coming out of the markets last night and this morning is catastrophic. If you’re seeing accounts hit zero, it’s likely because of a "perfect storm" that just wiped out over $2.2 billion in positions.
Here is the breakdown of why everything is "blown" right now:
1. The $2.2 Billion Liquidation Wave
Last night was one of the largest liquidation events in crypto history. Over 335,000 traders were wiped out in 24 hours.
The Trigger: Bitcoin dropped below the critical $80,000 support level (reaching ~$76,000), which triggered a massive "long squeeze."