$369M Liquidation Wave Hits Markets Amid SEC Regulatory Overhaul

A $369 million liquidation wave hit global markets as the US Securities and Exchange Commission (SEC) introduced sweeping changes to blockchain transfer agent rules.

The sudden market downturn was triggered by a combination of rising Treasury yields, worsening macroeconomic metrics, and shifting rate expectations.

This led to a violent $369 million long squeeze that wiped out positions across more than 90,000 leveraged traders.