#CryptoMarketDrops150KLiquidated

Yep, that happened overnight May 15-16. Market got flushed hard.

What happened:

Price drop
BTC fell ∼3% to $78,000, wiping out the gains from last week
SOL, ETH, XRP all down ∼5%
Total crypto market cap dropped ∼2% toward $3T fc24447b

Liquidations
$580M+ liquidated in 24 hours
∼95% were leveraged long positions
In the first hour of the drop, $150M was wiped out fc24a767

Why it dropped
Macro bleed: Global bond selloff + worst day for US stocks since March
Hot CPI: April inflation came in at 3.8% YoY, killing rate cut hopes for July
Over-leveraged longs: Market was long-skewed after the CLARITY Act + CME news pump. When BTC broke below $82K, stops triggered a cascade fc243a408074

The context
This wasn’t a random dump. It’s deleveraging after a crowded long trade. In the last 72h before this, $1.68B in longs got liquidated total. fc24

Institutions are still buying spot ETFs - $2.44B inflows in April alone. But retail leverage got cleaned out. 3a40

Where we stand now
BTC is sitting around $77,890. Key support is $77.6K. If that breaks, next stop is mid-$70Ks.

$150K traders liquidated in 24h according to Coinglass data. Most were BTC and ETH longs. 3f21

This looks like a reset, not a cycle top. High leverage got flushed, spot buying from ETFs is still there.

Want me to pull the liquidation heatmap to see where the next squeeze levels are?

$BTC $SOL $DOGE