Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
· price · Sentiment: bearish
A coordinated selloff in Bitcoin, Ether, and XRP triggered widespread liquidations, wiping out approximately $1.5 billion in leveraged crypto positions across major exchanges. Long positions accounted for the vast majority of losses, reflecting heavy bullish leverage that was rapidly unwound as prices declined. The event underscores the persistent fragility of over-leveraged crypto markets, where sharp moves can quickly cascade into billions in forced liquidations.