TradingKey – Over 140,000 traders liquidated in crypto market as BTC drops for fourth straight day to test $78,000 level; altcoins crash.

On September 10, the cryptocurrency market experienced a new round of sharp pullbacks. Among them, Bitcoin (BTC) logged a four-day losing streak, falling 0.66% today to approach the key round-number support at $78,000, while Ethereum (ETH), XRP (XRP), and Solana (SOL) among other major tokens fell about 2%, while altcoins such as UNI, ARB, WLD, and TRUMP plunged by over 10%.

Led by Bitcoin’s decline, altcoins suffered broad-based, sharp losses, dealing a heavy blow to long positions in the derivatives market and triggering large-scale liquidations of leveraged capital across the network. Over the past…