Downturn & Liquidation
Bitcoin dropped to around $78,000, erasing its weekly gains, while major altcoins saw even steeper declines. The sell-off triggered massive liquidations:
· Total Liquidations: Over $581 million in the past 24 hours.
· Longs Hit Hard: $552 million came from long positions (bets on prices going up).
· Altcoin Performance: Solana (SOL) and XRP fell about 5%; Ethereum (ETH) dropped 3.3% to $2,189.
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