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🔥 Bloodbath in the crypto market: over $563 million in long positions got wiped out in just 24 hours — marking the largest long liquidation event since February.
The flush shows just how overcrowded bullish positioning had become. When leverage stacks too heavily on one side, the market usually doesn’t forgive.
This kind of reset often shakes out weak hands fast… but it can also create the conditions for cleaner moves once excessive leverage gets flushed out. ⚠️📉

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