Cryptocurrency markets saw a sharp wave of forced deleveraging over the past 24 hours, with roughly $315.32 million in leveraged positions liquidated—a reset that briefly rattled sentiment but ultimately coincided with a rebound led by Ethereum (ETH) and major altcoins. The liquidation event mattered less for the headline number than for what it revealed about positioning: the market had become heavily tilted toward short-term upside bets, and that imbalance unwound quickly.
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