$217M liquidated in 24 hours — 77% longs, 23% shorts as overleveraged bulls get flushed

The crypto market just delivered another brutal lesson in leverage management.

- Long positions took $167M in losses versus $50M shorts

- The 3:1 ratio screams overleveraged bullish positioning with degens ignoring risk management.

Unlike October's macro event, this was market structure breaking under leverage weight.

Source: News and price analysis from Thesis.io