Over $100B wiped from crypto market in less than three days
- —Crypto market cap fell more than $100 billion in three days
- —Losses reached $300 billion over the ten days from Sept 18 to 28
- —Bitcoin dropped to $84,000, Ethereum to $2,670–2,687
- —Daily long liquidations hit about $450 million; $7.3 billion over ten days
Why it matters: High open interest and thin liquidity leave the market exposed to further shocks while US Treasury yields stay above 5%.
Source: Crypto Briefing