Bitcoin and Altcoins See Sharp Declines—Here’s Why, Plus Liquidation Data
Photo: Bitcoin Sistemi
The cryptocurrency market saw renewed selling pressure today, with Bitcoin falling below $76,000. The largest cryptocurrency dropped to approximately $75,989, marking a daily loss exceeding 5%. Ethereum, Solana, and XRP also felt the effects of the sell-off. According to CoinGlass data, approximately $1.03 billion worth of leveraged positions were liquidated in the last 24 hours. Of this, $926 million consisted of long positions held by investors expecting a rise. The fact that liquidations reached $589 million in the last hour alone reveals the speed of the decline.
Source: Bitcoin Sistemi
