Nearly $1 billion in crypto bets liquidated as bitcoin, ether and XRP slide
Summary
About $483 million in bitcoin and ether futures positions were liquidated in 24 hours as crypto prices fell amid uncertainty about the Federal Reserve’s next rate decision. Ether accounted for roughly $286 million of liquidations, versus $197 million for bitcoin, despite having a smaller futures market. Bitcoin traded near $81,000, down about 3%, while ether fell more than 6% to around $2,350. Solana and other tokens also declined, with liquidations adding potential selling pressure. Liquidation totals represent the value of positions forcibly closed, not traders’ cash losses.
