~840 million last 24 hr
~500 million last 1 hour
https://www.bybt.com/LiquidationData
one long alone got liquidated for 130 million ETH
https://twitter.com/hsakatrades/status/1453277837897699335?s=21
then masses stop-losses go off and itβs in free fall
and likely bigger triggering limit buys (plus dip buyers) and we got the 1 hour crash and bump
still pretty crazy that so much liquidated but primarily in BTC and ETH but they likely held a lot of alts too and all hit the market at once in the middle of the night with mostly just β with kor traders busy with 1inch lol β limit buys to pick up the slack
edit: worth emphasizing for clarity it was bulls not bears β leveraged longs. i also comment a eli5 below
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