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Data check on today's selloff:
📊 $ 450M liquidated — 78% was altcoins, not BTC
📊 BTC open interest actually fell (730K vs 740K) = closing positions, not fresh shorts
📊 DeFi hit hardest (-9%), but MORPHO bucked it entirely (+4%, record TVL)
This is a leverage flush, not necessarily a trend break. History says these Iran-driven drops have reversed fast when tensions cool.
#GateSquare #Crypto #OnchainData