Eight million in crypto long positions got wiped out in just 60 minutes—major liquidation event just hit the market. When you see numbers like that moving that fast, it usually signals some serious volatility. Could be a sharp price drop triggered sell-offs, or maybe a coordinated move caught leveraged traders off guard. Either way, this kind of liquidation cascade tends to create ripples across the broader market, affecting funding rates and potentially sparking more forced exits down the chain. Traders watching leverage exposure right now—this is the kind of moment that separates the cautious from the rekt.