🚨😱 Bitcoin Liquidity Sweep Exposes Leverage Risk
Bitcoin saw a sudden intraday slide of nearly $3,000 within minutes, briefly dipping toward the $77K zone. The quick drop sparked a wave of forced liquidations, wiping out $600M+ in leveraged long positions in under an hour.
Notably, there was no major news catalyst behind the move. This appears to be a textbook leverage flush — thin order books and overcrowded long positions allowed a relatively small sell-off to snowball into aggressive forced selling.
While these shakeouts often clear excessive leverage and “reset” the market, they also highlight how short-term price action can be driven more by derivatives positioning than by fundamental network developments.
💥 Now the focus shifts to spot buyers:
Will real demand step in to stabilize price, or will volatility continue as traders reduce risk and reposition?