$425M in crypto long positions liquidated amid market correction
- —About $425 million in long positions were liquidated in 24 hours
- —Bitcoin trades in the $85,600–$85,700 range
- —Ethereum changes hands around $2,711–$2,725
- —The liquidation wave points to rising near-term volatility
Why it matters: Forced unwinding of leveraged longs amplifies volatility and raises the risk of a deeper correction in BTC and ETH.
Source: Crypto Briefing