Market Alert: Over $556M in Long Positions Liquidated Within Hours

A massive wave of liquidations just hit the crypto market. In the past hour alone, more than $556 million in long positions got wiped out across major exchanges.

This kind of sudden move typically signals either a sharp price pullback or aggressive short-selling pressure. When that much leverage gets flushed out this quickly, it often triggers a cascade effect—margin calls lead to forced selling, which pushes prices lower and sparks even more liquidations.

Traders with tight stops or overleveraged positions took the biggest hit. The scale of this move suggests either significant whale activity, major news hitting the market, or a technical breakdown through key support levels.

If you're watching positions right now, this is a critical moment. Monitor liquidation heatmaps on major trading platforms to see if we're still in the danger zone or if this wave has bottomed out.