Crypto Carnage: Bitcoin Plunge Triggers $500M Long Liquidation Bloodbath as DOGE, ADA Tank 7%
Markets recoil as Bitcoin’s sudden drop vaporizes half a billion in leveraged positions—proof that ’hedging’ is just Wall Street slang for ’hoping with margin.’
Dogecoin and Cardano lead altcoin losses, sliding 7% as traders rediscover that crypto winter always arrives fashionably early for the over-leveraged.
Another day, another reminder that blockchain’s most reliable smart contract is the one liquidating your collateral at the worst possible time.