Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
A long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since March....
Key takeaways
- 1Crypto longs liquidated $500 million as Bitcoin dropped to $78,000 overnight.
- 2SOL and XRP declined 5% amid broader market leverage unwinding.
- 3Crypto selloff tracks global bond selloff and worst U.S. stock session since March.
Coins in this story
Why it matters
Sharp liquidations signal retail leverage risks in Indian crypto portfolios during volatile markets. Correlation with global equities and bonds shows Indian investors can't isolate crypto from broader macroeconomic shocks.
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