While leverage was getting scorched: ā Institutional adoption kept climbing ā Stablecoin volumes hit new highs ā On-chain rails stayed active and liquid
That tells you something important.
This wasnāt a demand collapse. It was a leverage reset.
Bad debt out. Weak hands gone. Real capital stayed.
Thatās how sustainable cycles are built.
Markets donāt die from liquidation events, they get healthier from them. What weāre seeing now is the foundation phase, not the end of the story.
āļø Conclusion: $154B flushed the froth, not the future. The floor holding through that is strength. 2026 wonāt be built on hype, itāll be built on lessons learned the hard way.
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š„ $154B WIPED⦠AND THE FLOOR STILL HOLDS
This year has been brutal, no sugarcoating it.
Over $154B in liquidations got nuked across the market.
Retail over-leveraged.
Tourists got washed.
Late longs learned expensive lessons. š
But hereās the part most people are missingā¦
While leverage was getting scorched:
ā Institutional adoption kept climbing
ā Stablecoin volumes hit new highs
ā On-chain rails stayed active and liquid
That tells you something important.
This wasnāt a demand collapse.
It was a leverage reset.
Bad debt out.
Weak hands gone.
Real capital stayed.
Thatās how sustainable cycles are built.
Markets donāt die from liquidation events, they get healthier from them. What weāre seeing now is the foundation phase, not the end of the story.
āļø Conclusion:
$154B flushed the froth, not the future.
The floor holding through that is strength.
2026 wonāt be built on hype, itāll be built on lessons learned the hard way.