⚡ Liquidation of crypto triples due to excessive leverage
The derivatives market is "stretched like a guitar string":
• 💥 Average long liquidation increased to 68M USD/day
• 💥 Shorts were liquidated at 45M USD/day
• 🔥 On October 10: 640M USD/hour liquidated long as BTC fell from 121K → 102K
Futures OI reached a peak of 67.9B USD, the market is increasingly dependent on leverage.
Spot volume also surged, indicating that large capital is reshaping this cycle.
