$BTC LIQUIDATION CASCADE: $129M WIPED OUT as Bitcoin Slips Below $88K
The market just flushed hard. In the past 60 minutes alone, more than $128.6 MILLION in long positions were force-liquidated as Bitcoin slipped under the $88,000 level. This wasn’t slow selling — it was a leveraged wipeout.
The heat map tells the story. BTC and ETH led the carnage, with altcoins like SOL and XRP getting caught in the crossfire as margin calls hit all at once. When price nudges below a key level, overleveraged longs turn into instant fuel for downside momentum — and that’s exactly what happened.
Events like this reset the market fast. Leverage gets cleaned out, weak hands are forced to exit, and volatility spikes in both directions. These cascades often mark local turning points — either a deeper flush… or the setup for a violent bounce.
The question now: was this the final shakeout — or just the first domino?
Eyes on BTC. The next move could be explosive.
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