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Liquidations Surge as the Market Turns Volatile
Bitcoin ($BTC) slipped below $88,000 on Monday, and the move hit harder than it looked. About $381M in leveraged positions were wiped out as traders got caught on the wrong side of volatility, dragging the total crypto market down by $136B in a single session. Compared to the S&P 500's mild dip, crypto once again reminded everyone how fast leverage cuts both ways.
Ethereum ( $ETH) took even more pressure as the sell-off spread across majors. The asset dropped over 6%, with altcoins following as the total market cap slid to $2.93T, stuck between $3.2T resistance and $2.85T support.
$BTC
{spot}(BTCUSDT)
Bitcoin ($BTC) slipped below $88,000 on Monday, and the move hit harder than it looked. About $381M in leveraged positions were wiped out as traders got caught on the wrong side of volatility, dragging the total crypto market down by $136B in a single session. Compared to the S&P 500's mild dip, crypto once again reminded everyone how fast leverage cuts both ways.
Ethereum ( $ETH) took even more pressure as the sell-off spread across majors. The asset dropped over 6%, with altcoins following as the total market cap slid to $2.93T, stuck between $3.2T resistance and $2.85T support.
$BTC
{spot}(BTCUSDT)
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