Fresh data just hit the tape: over $80 million worth of long positions got liquidated across crypto markets in just one hour. That's a brutal flush for leverage traders who were caught holding the bag. The speed and scale of these liquidations suggest we're dealing with either a sharp price drop that cascaded into stop-losses, or some coordinated unwinding of overleveraged bets. Either way, it's a reminder of how fragile the order book can be when sentiment flips fast. Traders caught in the carnage are nursing some serious losses right now.