Over $1.3 billion in crypto positions wiped out in 24 hours

Over $1.3 billion in crypto positions were wiped out in the past 24 hours, with long trades accounting for nearly 90 % of the losses.

Bitcoin slipped below $105,000, dragging major altcoins down 5-10% and pushing the market cap close to $3.6 trillion.

At the same time, Michael Burry disclosed over $1 billion in bearish put options on NVDA and PLTR despite their recent rallies, deals, and earnings.

It's clear the market is still fragile post-liquidation (Oct. 10th).