Crypto Flash Crash Wipes Out $500M in Long Positions

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The post Crypto Flash Crash Wipes Out $500M in Long Positions appeared first on Coinpedia Fintech News

The crypto market saw a sharp sell-off, with Bitcoin falling 2.5%, Ethereum 5%, Solana 11.5% and XRP 37%. Around $500 million in long positions were liquidated within an hour, pushing total 24-hour liquidations toward $1.82 billion. Most of the liquidations involved leveraged long positions on major exchanges, including Binance. The drop highlights how high leverage …