*$1.25B liquidated in 24 hours - while BTC broke under $67K*
$1.13B in longs vs just $121.64M in shorts, 90% of all liquidations were leveraged longs caught leaning the wrong way. The cascade built fast across the curve: $283M wiped in the last 1h, $749M over 4h, $918M over 12h.
*What's driving it:*
Middle East risk - U.S. airstrikes on an Iranian military site near the Strait of Hormuz broke the recent ceasefire optimism and triggered the cascade.
ETF bleed - U.S. spot Bitcoin ETFs saw nearly $700M in net outflows in the final week of May, amplifying the downside
Strategy cracks - Strategy disclosed its first Bitcoin sale in years, offloading 32 BTC, small in size, but a symbolic break from the "never sell" narrative.
Hawkish Fed - sustained tight policy keeps risk assets on the back foot.
*Top 7 Ecosystem:* | |$BTC
$1.13B in longs vs just $121.64M in shorts, 90% of all liquidations were leveraged longs caught leaning the wrong way. The cascade built fast across the curve: $283M wiped in the last 1h, $749M over 4h, $918M over 12h.
*What's driving it:*
Middle East risk - U.S. airstrikes on an Iranian military site near the Strait of Hormuz broke the recent ceasefire optimism and triggered the cascade.
ETF bleed - U.S. spot Bitcoin ETFs saw nearly $700M in net outflows in the final week of May, amplifying the downside
Strategy cracks - Strategy disclosed its first Bitcoin sale in years, offloading 32 BTC, small in size, but a symbolic break from the "never sell" narrative.
Hawkish Fed - sustained tight policy keeps risk assets on the back foot.
*Top 7 Ecosystem:* | |$BTC