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From 10.23 to 2.85, the market maker wiped out both the sentiment and the leverage.
Top Liquidation Leaders (1H)
๐ฅ $BTC โ $5.77M
๐ฅ $TRADOOR โ $1.24M
๐ฅ $APE โ $438K
#TRADOOR just pulled a full round-trip destruction move
From $10.23 โ $2.85 in 1 hourโฆ
Thatโs not a correction โ thatโs a liquidity execution
What really happened here:
โข ATH hype on 22nd โ trapped late buyers
โข First drop to $6.8 โ weak hands shaken
โข Bounce โ created false confidence
โข Todayโs spike โ liquidity grab
โข Thenโฆ instant collapse
๐ Classic pump โ distribution โ dump cycle
Current structure:
โข No strong support until $2 โ $1 zone
โข RSI completely reset
โข Order book showing sell-side dominance
๐ This is not dip buying territory yetโฆ this is falling knife phase
Late longs got trapped.
Momentum flipped brutally.
Now itโs simple โ
Either dead cat bounceโฆ or deeper bleed incoming.