A sweeping wave of forced liquidations—nearly $588.8 million over the past 24 hours—became the defining market event on Tuesday UTC, underscoring how quickly crowded leverage can unwind even when headline price moves look modest. Rather than a straightforward sell-off, the data points to a choppy session where sharp downdrafts and fast rebounds repeatedly punished traders positioned too aggressively on either side.
Liquidation breakdowns show $225.1 million in long positions and $363.7 million in short positions wiped out, with shorts accounting for 61.8% of the total. That short-heavy skew… Read more
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Key Takeaways: Certain Cardano wallets have been compromised in a wallet-level incident, said SecondFi. The staff of the team advised users to not enter recovery
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