Cryptocurrency markets faced a new wave of forced liquidation early on Monday, with nearly $646 million wiped from leveraged positions across major exchanges, adding to the harsh month-end closure and extending losses in Bitcoin, Ethereum, and large-cap altcoins. Coinglass data shows that long positions made up nearly 90% of the total, with the largest individual liquidation being an Ethereum position worth $14.48 million against USDC on the Binance platform. Binance, Hyperliquid, and ByBit each recorded over $160 million in liquidations, reflecting a significant concentration that broke during the Asian session.

Bitcoin fell by more than 5% to around $86,000, while Ethereum slid by more than 6% to nearly $2,815. Both cryptocurrencies attempted a slight recovery late last week, but forced liquidations pulled prices back toward the lower end of the November range. Solana and $XRP and $BNB and $DOGE dropped between 4% and 7% during the same period, while Cardano and Lido Staked Ether recorded deeper losses. Traders pointed to weak liquidity and ongoing macro uncertainty as contributors to the speed of movement.#BTC