The last 24 hours have seen a massive deleveraging event, with over $722 million in long positions wiped out across the market. This "liquidation cascade" accelerated as Bitcoin breached the $74,000 mark, triggering automated sell orders that pushed the price down to test the psychological $70,000 floor. Exchange order books are showing significant "thinning," meaning even small trades are causing outsized price swings. Traders are being cautioned to avoid high leverage as the market enters a volatile phase of "bottom discovery."
#CryptoLiquidations #TradingAlert #BTCSupport
BTC
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ETHUSDT
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