Crypto Carnage: $941M Wiped Out as Bitcoin, Ethereum, Doge Pull Back From Peaks
Crypto markets just got a brutal reality check—$941 million in long positions liquidated as top assets retreat.
Bitcoin's bull run hits a wall
The king of crypto stumbled after flirting with new highs, triggering a cascade of margin calls. Ethereum and meme-coin darling Dogecoin followed suit—because when BTC sneezes, the whole market catches cold.
Leverage gets lever-wrecked
Traders playing with 100x margin got exactly what they deserved (and exactly what the market ordered). The perpetual swap casino always collects its vig—usually at the worst possible moment.
Silver lining for diamond hands?
This flush-out might be healthy long-term—if you believe in that 'strong hands accumulate during pullbacks' nonsense. Meanwhile, Wall Street's crypto tourists are discovering why we don't trade derivatives with grocery money.
