$900M crypto liquidation wave rocks crypto traders, with ETH biggest hit
The crypto market crash continues as Bitcoin drops back to the $109K level as bears take over. The cumulative digital market cap declined by 2% in the last 24 hours to stand at around $3.8 trillion. The brutal reset left more than 200,000 traders bleeding with over $900 million in leveraged bets liquidating.
Ethereum took the heaviest blow after weeks of outperforming Bitcoin. ETH dropped back toward $4,400, erasing much of its Jackson Hole-fueled gains. CoinGlass data shows that the biggest altcoin saw around $320 million worth of long and short bets liquidated.
However, Ether is still up by 80% over the last 60 days, while BTC managed to grow by just 3%.
Altcoin hype fades as ETH retreats from $5K
The ongoing turbulence left traders…
