tldr; In the past 24 hours, the cryptocurrency market experienced $1.7 billion in liquidations, with Bitcoin and Ethereum accounting for the majority. Bitcoin liquidations totaled $768.69 million, while Ethereum saw $417.43 million. Long positions suffered the most losses. The market capitalization dropped by 6%, with Bitcoin and Ethereum hitting two-month lows. The sell-off was driven by heightened geopolitical tensions, aggressive deleveraging, and deteriorating market sentiment, as reflected in the Crypto Fear & Greed Index plunging to extreme fear levels.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
CipherScarlatti on
Billions. Always billions.
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tldr; In the past 24 hours, the cryptocurrency market experienced $1.7 billion in liquidations, with Bitcoin and Ethereum accounting for the majority. Bitcoin liquidations totaled $768.69 million, while Ethereum saw $417.43 million. Long positions suffered the most losses. The market capitalization dropped by 6%, with Bitcoin and Ethereum hitting two-month lows. The sell-off was driven by heightened geopolitical tensions, aggressive deleveraging, and deteriorating market sentiment, as reflected in the Crypto Fear & Greed Index plunging to extreme fear levels.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Billions. Always billions.