Crypto Market Faces Billions in Liquidations Amid Severe Panic

Bitcoin’s decline to the $91K zone wiped out nearly $2.27 billion from the overall crypto market, including $1.89 billion in long positions within 12 hours, according to Coinglass market data. In the past 24 hours, 745,971 traders were liquidated. CoinGecko showed how holders began selling, signaling a shift in sentiment. Ethereum saw even steeper losses, dropping to $2,135 in its worst intraday decline since 2021.