If you just woke up and checked your portfolio, I'm guessing it's not a great morning for you.

It seems like just about everyone who was betting on the price to keep going up got completely wiped out.

The numbers I'm seeing are just wild: in the last 24 hours, over $1.27 billion got liquidated.

Billion. With a "B".

And nearly all of it, about $1.05 billion, was "longs" that's just trader talk for all the folks who borrowed money to bet that the price would rise.

The market did the exact opposite, and the exchanges just... took their money. Poof. Gone.

A Brutal Reminder

It's one of those days that reminds you this stuff isn't a one-way street.

Bitcoin dipped under $100k for a minute.

Solana, which everyone was so happy about with its new ETFs, just broke down through all the support levels traders were watching.

Even that famous "100% win rate whale" I've seen on Twitter is apparently getting wrecked, facing millions in losses.

Nobody Knows What's Going to Happen

It only demonstrates that nobody knows what's going to happen not the ETF guys, not the whale traders, and definitely not us.

Total bloodbath for anyone who was over-leveraged.

For the rest of us... well, it's just another day in crypto, I guess.

A Silver Lining

The good news is that the Solana network itself is still running just fine no outages or anything. So there's that.

It's a brutal reminder to be careful out there.
These markets don't care about your feelings, or your "perfect" trade setup.

May your candles be forever green. See ya tomorrow

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