Just noticed BTC slipped to levels we haven't seen in a couple weeks, and apparently that triggered a pretty nasty cascade of liquidations. Word is around 300 million in long positions got wiped out in the selloff. That's the kind of move that shakes out a lot of leverage traders. Crypto crash today hit harder than expected for those caught off guard. Current price sitting around 72.5K with modest recovery, but the damage from those longs getting liquidated is still fresh. This is why managing position size matters so much in this market - one bad candle and suddenly you're watching your collateral disappear. The liquidation spiral is real.

BTC1.1%
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