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![MooninPapa Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::739357458.png) Aaron Dishner [@MooninPapa](/creator/twitter/MooninPapa) on x 9421 followers
Created: 2025-07-24 02:31:09 UTC

1/ Over $700M in leveraged longs were liquidated in 24h
ETH and XRP were the main culprits

The real reason though is $BTC.D closing up +1.57% after a 9-day downtrend

This spike shocked the market, triggering liquidations across alts

BTC held up well and this looks like a dip-buying opportunity

![](https://pbs.twimg.com/media/Gwltc_UbsAA0fXp.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948209308422066652/c:line.svg)

**Related Topics**
[alts](/topic/alts)
[$btcd](/topic/$btcd)
[$700m](/topic/$700m)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)
[bitcoin](/topic/bitcoin)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/MooninPapa/status/1948209308422066652)