Over $417.5 million in crypto long positions got wiped out in the last hour—a massive liquidation cascade that sent shockwaves through the market. When you're seeing that kind of volume getting flushed this fast, it usually signals sharp price moves and panic selling across major trading platforms. The scale here is serious enough to reshape near-term sentiment, especially if leveraged traders were caught off guard. These kinds of rapid liquidations can either spark recovery bounces or accelerate downside pressure, depending on where support levels hold.