Courtesy of the avalanche of levered-longs in recent weeks into the crypto market, alongside some negative newsflows in relationship to a sudden drop in BTC hash rate, we saw one of the most epic long liquidation episodes that the BTC/USDT chart has ever recorded on Sunday. To put the numbers into perspective, check below the ‘jaw dropping’ stats where over usd 9bn got rekt. After such a violent washout of irresponsible longs in the crypto space, the BTC/USDT chart in particular ended up printing an outrageously disproportionate outsized candle as illustrated below. The capitulation-type movement from the latest all ... (full story)