Over $𝟭𝗕 liquidated in 24 hours as BTC crashed to $75,568 and ETH to $2,236. Longs absorbed 𝟵𝟯% of the damage — $819M in long liquidations versus $61M shorts — hitting 198,192 traders. The largest single liquidation was a $10.94M ETHUSDT position on Binance. The cascade coincided with Nasdaq -5.10%, S&P 500 -3.43%, and Dow -2.41%. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $1B liquidation cascade with 93% longs is a one-sided deleveraging flush, not a two-way reset. The political catalyst — Democratic sweep concerns driving AI regulation and Trump family crypto investigation fears — adds a structural dimension that could extend the risk-off move beyond a typical technical event. For Hyperliquid traders, the key level is whether BTC reclaims $77K or breaks below $75.5K. When long liquidations dominate this heavily, the cascade often exhausts and sets up relief bounce conditions, but the political overhang warrants caution on immediate long entries. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=3328