Long positions worth $570 million liquidated amid declines in $BTC , $ETH and $XRP
Cryptocurrency markets suffered a sharp wave of selling, triggering the liquidation of more than $570 million in long positions as Bitcoin, Ethereum and XRP posted significant losses.
Ethereum approached the $2,000 level—a psychologically important threshold it had not fallen below in recent months—while XRP traded near $1.00. Bitcoin also retreated in the move, contributing to widespread liquidations across major assets.
This wave of selling reflects sustained selling pressure on large-cap cryptocurrencies; leveraged long positions were hit hardest as prices fell below key levels.
Source
Trade on Binance
Cryptocurrency markets suffered a sharp wave of selling, triggering the liquidation of more than $570 million in long positions as Bitcoin, Ethereum and XRP posted significant losses.
Ethereum approached the $2,000 level—a psychologically important threshold it had not fallen below in recent months—while XRP traded near $1.00. Bitcoin also retreated in the move, contributing to widespread liquidations across major assets.
This wave of selling reflects sustained selling pressure on large-cap cryptocurrencies; leveraged long positions were hit hardest as prices fell below key levels.
Source
Trade on Binance
