The cryptocurrency market has experienced a significant downturn, with Bitcoin briefly touching just above $100,000 as other major assets like Ether, Solana, and XRP saw declines of 6-10%. Over $2 billion in futures contracts were liquidated in the past 24 hours, with long positions accounting for approximately $1.6 billion of these losses, according to CoinGlass data.
This event, driven by renewed macroeconomic concerns and a broad "risk-off" sentiment across financial markets, represents one of the largest deleveraging episodes since September. Investors and traders are advised to monitor market conditions closely as volatility remains high.
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