Altcoins slide harder than Bitcoin as $815M in positions get liquidated
- —Bitcoin trades near $83,900, down only 0.4% in 24 hours
- —NEAR -10.8%, Zcash -7.7%, Cardano -5.7%, Hyperliquid -5.2%
- —$815 million in positions liquidated, $688 million were longs
- —Market-wide open interest rose 15% in a week while Bitcoin OI fell 6%
Why it matters: Rising leverage in altcoins leaves the market fragile, and further liquidations could deepen losses outside Bitcoin.
Source: Crypto Insiders