$107M in longs liquidated within 4 hours ahead of FOMC announcement
Crypto Briefing
Over $107 million in leveraged long crypto positions were liquidated in four hours before the FOMC announcement.Summary
Leveraged long positions totaling over $107 million were wiped out from the crypto markets within a four-hour window leading up to the Federal Reserve's FOMC policy announcement. This massive liquidation occurred as market uncertainty caused significant volatility, primarily targeting bullish positions that relied on borrowed funds to amplify potential gains. Some market observers view these recent sharp drops as deliberate moves designed to clear out high-leverage positions before the key interest rate decision from the Federal Reserve.
(Source：Crypto Briefing)