JUST IN: Crypto markets are facing a sharp wave of leveraged liquidations.
More than $400 million in crypto positions were reportedly liquidated in about an hour, with the vast majority being long positions.
Bitcoin slipped below $83,000, while Ethereum fell below $2,600 as traders rushed to cut risk.
Leverage is getting flushed from the market as volatility spikes.
$ENSO
$ALGO
$ALLO
More than $400 million in crypto positions were reportedly liquidated in about an hour, with the vast majority being long positions.
Bitcoin slipped below $83,000, while Ethereum fell below $2,600 as traders rushed to cut risk.
Leverage is getting flushed from the market as volatility spikes.
$ENSO
$ALGO
$ALLO