Crypto cools after a $240M+ long flush, with $BTC’s $80,000 zone becoming the short-term balance point

📌 The crypto market has gone through a notable liquidation wave over the past 24 hours, with total liquidations reaching about $316.83M and more than 108,000 traders wiped out. The key point is that long liquidations accounted for $242.52M, or around 76.5%, showing that the downside pressure mainly came from leveraged long positions being flushed out.
🔎 $ETH and $BTC recorded the largest liquidations, at around $74.36M and $72.54M respectively. When pressure concentrates on leading assets rather than only smaller altcoins, broader market sentiment usually weakens faster and volatility across the rest of the market can become amplified.
💡 However, post-snapshot data shows that the liquidation wave has started to cool, with 24h liquidations easing toward $242M and the long/short ratio becoming more balanced. This suggests that part of the weak leverage has already been removed, helping the market shift from forced selling into a phase of reassessing supply and demand.
⚠️ The $80,000 zone for $BTC is now an important navigation level. If price can hold this area, sideways action or a technical rebound may remain the preferred scenario; if the $78,000 zone is lost, the risk of deeper long liquidations could increase.
📊 $LAB stands out as an outlier, still recording large liquidations amid its own volatility linked to the AI and trading terminal narrative. However, this is a noisy segment where localized short squeezes can happen quickly, while reversal risk also remains high.
✅ Overall, the current liquidation wave looks more like a leverage reset than a sign of a systemic crash. The market still needs more time to stabilize, but the cooling liquidation pressure suggests that panic has not yet spread widely.
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