$BTC $ETH — Extreme Fear Peaks, Leverage Purge Complete
The market just lived through one of the most brutal deleveraging events in recent history. Overnight liquidations exploded, ranking among the top 10 largest liquidation events ever recorded. While total liquidation value didn’t surpass the absolute peak levels, the human impact was massive—hundreds of thousands of traders wiped out in a single night.
After hours of panic selling, BTC briefly reclaimed the $60,000 level, while ETH wicked below $1,750, triggering forced exits across the board. Roughly $2.7B was flushed, and more than half