🚨 THE 60-MINUTE #LIQUIDATION: $1.1 #BILLION VAPORIZED 🚨
The crypto market just experienced a #historic #deleveraging event. In a single 60-minute window, $1.1 Billion in open interest was wiped off the books as a massive "long squeeze" cascaded through every major exchange.
This wasn't just a Bitcoin move—it was a systemic flush of leveraged positions across the entire space.
1-Hour Liquidation Totals by Asset:
Bitcoin (BTC): $740 Million liquidated as price spiked to $77,019.
Ethereum (ETH): $185 Million liquidated as price hit $2,401.
Solana (SOL): $92 Million liquidated as price hit $115.
XRP: $64 Million liquidated as price flash-crashed to $1.50.
The Data Behind the Move: 📊
This stands as one of the most violent hourly contractions in years. Over 400,000 total traders were wiped out in the broader 24-hour slide, but the bulk of the damage occurred in this specific one-hour waterfall. The combination of U.S. tariff news and government shutdown fears provided the macro trigger, but the "fuel" was the extreme leverage built up in the system.
When Bitcoin cracked $80k, the automation took over, hitting stop-losses and forcing liquidations all the way down to the $77k support level.
Current Market Status: 📉
The total crypto market cap has retracted by 6% today. High-volatility assets like XRP saw the most extreme "wicking," with the $1.50 level being hit on high-leverage exchanges to clear the order books.
What are you watching for the next candle? $75k support or a relief bounce? 👇
