Justin Wolfers Re-poster

Listen everyone, In the last 24 hours, total crypto liquidations hit about $1.91B roughly 408,483 traders got wiped out. This isn’t “healthy volatility.” This is forced selling leverage getting shut down because margin couldn’t hold. This is where things can get messy, fast. When liquidation numbers look like this, it usually means: - leverage was too high - liquidity was thinner than people thought - cascades did what cascades do And if you’re wondering why price action feels violent: BTC sliding under $64K today is exactly the kind of move that triggers these chain reactions. I’ll keep you updated over the next few days. When leverage cools off, you’ll feel it in the tape. $BTC $ETH $SOL #RiskAssetsMarketShock #MarketCorrection #WhenWillBTCRebound #WarshFedPolicyOutlook #ADPDataDisappoints