Massive Long Liquidation Cascade: $763M Wiped in 12 Hours

The crypto market just experienced one of its most violent flush-outs in weeks. Long positions totaling $763 million got liquidated within a 12-hour window, marking a significant reset in open interest across major trading pairs.

What triggered it? Escalating EU-US trade tensions have spilled into the risk sentiment, and the "buy and hold everything" narrative took a hard hit. Spot buying pressure evaporated fast as leveraged traders faced margin calls.

Key Technical Levels to Watch:

The $92k support zone is now the flashpoint. If this level holds, we might see consolidation and reduced volatility. Break below it, and expect another wave of stop-loss cascades and forced liquidations.

Volatility will likely remain elevated until the dust settles. Position sizing and risk management become critical in this environment. The whipsaw action could continue testing both psychological levels and actual support zones over the next few sessions.