📉Crypto Market Crash Deepens as Liquidations Surge
The crypto market faced a sharp liquidation shock, confirming a leverage-driven crash rather than normal selling pressure.
One-hour liquidation spike
$135M liquidated in just 1 hour
Longs wiped: $123M
Shorts wiped: $12.43M
➡️ Clear sign the market was heavily long-biased
📍24-hour damage (broader view)
$597.29M total liquidations
182,600 traders liquidated
- Longs dominated the losses, proving a long squeeze + cascading liquidations
- BTC & ETH remained the main liquidation leaders
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🔎Whale Losses Add Pressure
Recent declines also hit a major whale who entered positions after the Oct 11 flash crash:
⭕ Total unrealized loss: $40.21M
$ETH : 190,000 ETH → –$32.81M
$BTC : 1,000 BTC → –$4.81M
$SOL : 250,000 SOL → –$2.58M
Even large capital players are underwater, showing this move spared no one.
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🔎What This Means
- Market was overleveraged on longs
- Small dump triggered forced liquidations
- Liquidations caused price acceleration downward
This is a leverage flush, not pure panic selling
💡Key takeaway:
Such events often reset the market, reduce open interest, and prepare the ground for either sideways consolidation or a relief bounce—depending on follow-through volume.
