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🚨 TradFi Assets Are Starting to Dominate Crypto Liquidation Boards
Over the last 24 hours, $ETH led liquidations with $101.8M, followed by $BTC at $93.6M. Ethereum dropped from $1,925 to $1,819 (-5%), wiping out a large number of leveraged longs.
But something else is catching attention...
TradFi-linked assets are now appearing alongside crypto on major exchanges:
• $SPCX : $21.1M liquidated
• $SNDK : $18.0M liquidated
• $MU : $9.0M liquidated
This reflects the growing integration of tokenized stocks and traditional assets on crypto trading platforms. As more exchanges add U.S. stocks, ETFs, and commodities, trading activity is becoming more diversified. While it's too early to say capital is permanently shifting away from crypto, TradFi products are clearly capturing a larger share of exchange volume.
• SpaceX Signal Update : We called for $100 in July back on June 22 when it traded around $168. It has now fallen to $116 after reaching a 24H high of $137. As long as price stays below $135, the trend remains bearish with $100 or lower still possible. Reclaiming $135 could flip momentum and open the path toward $150–160.
• $MU Down 10% in the last 24 hours, falling from 906 to 810. After printing an ATH of 1,255 on June 25, the stock has entered a notable correction.
We are witnessing the beginning of a new era where crypto exchanges become multi-asset trading hubs, with TradFi products 🤭