Call it the great leveraged purge. Bitcoin’s crash to $108,652 on Bitstamp didn’t just rattle traders—it set off a domino effect of liquidations. Over $265 million in BTC long plays were flushed out today, turning the floor into a massacre of leveraged bets.

This wasn’t your garden-variety correction. The drop triggered forced margin calls and stop losses en masse, sending even cautiously sized long bets to the slaughter. Market data from Coinglass shows these weren’t fringe trades—they were big, bold, and dangerously overextended. $145 million of those long wipeouts occurred pretty much right after the price sank.

To be clear: the culprit wasn’t weak fundamentals alone. Instead, it was the perfect storm of overleverage meeting a technical breakdown. As prices cracked, the cascade of liquidations fed itself until gravity finished the job.

Where do we go from here? Some market analysts are eyeing a reset zone down around $103,000 to $105,000, where stronger hands might step in. But momentum is a fickle beast—if panic keeps spreading, even that floor could crumble. At press time at 2:22 p.m. Eastern, BTC is above the $109,000 range aiming to reclaim $110K. That hasn’t yet materialized.

Flushes like this are part of the bull-cycle playbook. They punish the greedy, cleanse the market, and reset expectations. The real question now is whether this dip is just a brutal footnote or the start of something nastier. Either way, longs are licking their wounds, and the market has once again reminded everyone that crypto’s line between glory and ruin is razor thin.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。