The crypto market just delivered a brutal flush — $193M+ worth of leveraged long bets wiped out over the past day, according to real-time data from Coinglass and market trackers.This comes as Bitcoin dipped below key levels (failing to hold $90K), triggering cascading liquidations amid holiday-thinned liquidity and anticipation for today's U.S. GDP release.Key highlights:Longs took the vast majority of the pain (~$192M+ in some reports)
Total liquidations exceeded $250M in broader market sweeps
Weak hands shaken out; leverage reset in full swing
These events often clear overextended positions and pave the way for healthier rebounds — but volatility remains high heading into the new year. Leverage got humbled today. Are we bottoming or just getting started? Stay cautious out there.
