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139,323 traders were liquidated in the past 24 hours.
More than $581 million was wiped out, with nearly 95% of the liquidations coming from long positions. Bitcoin fell around 3% to $77.8K, while spot Bitcoin ETFs saw roughly $1 billion in outflows after six straight weeks of positive inflows.
The recent CLARITY Act optimism turned into a classic trap. Traders piled into longs expecting the rally to continue, but the weekend correction caught most of them off guard and flushed out overleveraged positions.
#CryptoMarketDrops150KLiquidated