Crypto market bloodbath erases $60 billion in an hour, $608 million liquidated
- —Market cap dropped $60 billion in an hour, from $2.88T to $2.82T
- —24-hour liquidations hit $608.34 million, 86.69% in the last 12 hours
- —ETH saw $209.89 million in liquidations, BTC $138.88 million
- —BTC fell 2.19% to $83,665; ETH dropped 4.33% to $2,580.68
Why it matters: The long-heavy flush signals crowded leverage; holding above $83,300 will determine whether BTC stages a rebound.
Source: Finbold