Crypto markets dip, liquidating over $700 million from leveraged traders, 85.3% being longs
Crypto markets experienced a sharp sell-off over the last 24 hours, resulting in widespread liquidations across leveraged positions. More than $737 million in positions were wiped out, with 85.3% of them being longs—highlighting the overly bullish positioning.
Altcoins, such as Ethereum (ETH), Ripple (XRP), and Solana (SOL), experienced a pullback, while meme coins suffered deeper losses.
Market participants are now eyeing critical support levels to assess whether this could be a brief shakeout or the beginning of a broader correction.
Source: FXStreet