Over $100M in crypto longs liquidated in one hour amid market plunge
– Over $100M in crypto longs liquidated in one hour due to U.S. tariff policy-driven price drops.
– Leveraged positions triggered forced sell-offs, accelerating Bitcoin and Ethereum’s declines below $115k and $4.3k.
– Ethereum and XRP saw $100M+ liquidations in 24 hours, with 98% being long bets, highlighting overexposure.
– Analysts warn leverage and algorithmic triggers amplify volatility, underscoring risks of overconfidence in crypto’s unpredictable swings.
