Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
CoinDesk·
60-second summary
Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%. A long-skewed liquidation cascade flushes leverage across major tokens overnight, tracking a global bond selloff and the worst session for U.S. stocks since March, indicating a significant shift in market sentiment and potential long-term price implications for the crypto market.
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.