Crypto Markets Hit by Massive Liquidations as Sell-Off Deepens
The crypto market saw another brutal sell-off over the past 24 hours with total liquidations surging to $1.68 billion according to Coinglass data. Long positions accounted for a staggering $1.57 billion signaling aggressive bullish capitulation across the market.
More than 270,000 traders were liquidated globally with the largest single loss recorded on HTX where an $80.6 million BTC USDT position was wiped out.
The downturn dragged total crypto market capitalization below $3 trillion marking a daily decline of over 5%.
Bitcoin BTC fell to $83,000
Ethereum ETH dropped to $2,754
Selling pressure extended beyond crypto markets into equities. U.S.listed crypto stocks plunged led by near 10% losses in Strategy and BitMine reflecting growing risk off sentiment among investors.
Market participants now remain on edge as volatility spikes and leverage unwinds across major assets. Roi market now go up