Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

📰 Key Takeaways:
• A $1.5 billion wipe‑out of leveraged positions in Bitcoin, Ether, and XRP was triggered by a sharp sell‑off, with forced liquidations accounting for nearly 84 % of the losses.
• Binance processed almost half of the total liquidations, underscoring the exchange’s central role in the leveraged‑trading ecosystem and raising questions about risk management practices.
• The event has prompted a partial rebound for short sellers, indicating a shift in market sentiment and a potential re‑evaluation of leverage thresholds across major crypto platforms.

💡 Market Impact:
Liquidity dried up sharply during the sell‑off, but the subsequent rebound has tempered panic, signaling a cautious recovery in market sentiment and a renewed focus on risk controls within the crypto trading community.

🔥 24H Top Futures Gainers:
• $PARTI (+42.5%) — Price: 0.0551
• $MAGMA (+31.5%) — Price: 0.3407
• $BLESS (+28.9%) — Price: 0.0128

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