Crypto Longs Get Rekt as Bitcoin, Ethereum and Dogecoin Dive
Crypto prices are experiencing a significant decline, leading to over $320 million in long bets liquidated within the last hour and nearly $328 million in total liquidations. In the past day, $713 million worth of crypto positions were liquidated, with $650 million being long positions. Bitcoin accounts for $317 million of daily liquidations, with a price drop of nearly 3% to below $106,200, remaining about 5% down from its all-time high of $111,814. Ethereum follows with $151 million in liquidations and a price decrease of over 6% to $2,650. Other assets like Solana, XRP, and Dogecoin also faced losses, with Solana down more than 6% to $152.80, XRP down over 4% to $2.20, and Dogecoin falling 7% to $0.181. The overall crypto market is down approximately 5% in the last 24 hours.
