Crypto Carnage: Bitcoin, Ethereum, Dogecoin Plunge as $19 Billion Liquidation Tsunami Hits Markets
Digital assets face brutal selloff as leveraged positions get wiped out
The Massacre Unfolds
Bitcoin tanks below key support levels while Ethereum struggles to maintain its footing. Dogecoin—the meme coin that captured retail hearts—gets crushed hardest of all. This isn't just a dip—it's a full-scale liquidation event shaking crypto to its core.
$19 Billion Wiped Out
Record-breaking liquidations sweep across exchanges as over-leveraged traders get margin called into oblivion. The cascade effect triggers stop-losses like dominoes falling. Exchanges see unprecedented volume as positions evaporate into digital dust.
Market Mechanics Exposed
Leverage works both ways—amplifying gains until it magnifies losses beyond recovery. The very mechanism that propelled prices upward now accelerates the descent. Smart money hedges while retail watches portfolios bleed red.
Regulators sharpen their knives, traditional finance types smugly adjust their ties, and somewhere a hedge fund manager just bought another yacht with short profits. The crypto rollercoaster continues—just remember who designed the tracks.
