OVER 175 MILLION USD LONGS LIQUIDATED IN 4 HOURS AS BTC BREAKS BELOW 88,000 USD
The market just experienced a strong liquidation phase as BTC was pushed below the 88,000 USD mark, leading to over 175 million USD in LONG positions being wiped out in just 4 hours. The largest concentration of liquidations was in ETH (~88 million USD), followed by BTC (~41 million USD) and SOL (~12.9 million USD).
This development indicates that leverage remains high, while a short price correction was enough to trigger a domino effect. This is a familiar pattern whenever the market enters a sensitive price area: just a concentrated selling pressure for a short time can wipe out a large number of Long positions.
Large liquidation events are often a signal that volatility will continue to expand in the short term, as the market needs more time to rebalance supply and demand and leverage.
