🐋 WHALE WATCH: The leverage flush in DeFi has been absolutely brutal over the last few months. Total Value Locked has collapsed from 170 billion dollars down to just 82 billion marking a 50% haircut according to DefiLlama. The velocity of this drop matches the post Terra Luna capitulation phase. The good news is that the top protocols like Aave and Lido have completely contained the systemic risk and are restructuring their collateral caps. The weak hands are gone. The rebuilding phase starts here.(Whale Factor)