🚨 Liquidation Data: The $850M Flush.
The market has suffered a severe setback, with BTC dumping to ~$91,900.
The Mechanics:
The move was triggered by the U.S. vs. E.U. trade tensions regarding Greenland.
However, the depth of the drop was caused by Leverage.
• ~$500M liquidated in just 60 minutes.
• Total 24h liquidations approaching $850M.
This is a leverage reset. The "Risk-Off" macro environment (Gold making ATHs) is forcing a repricing of risk assets like BTC.
