✉news BusinessCrypto first seen 22 h ago, last 15 h ago, peak #3
Bitcoin Sell-Off Deepens as $771M in Leveraged Bets Wiped Out
Original: Why Is Crypto Down Today? Bitcoin Sell-Off Deepens as $771M in Leveraged Bets Get Wiped Out
Bitcoin is sliding, with a deepening sell-off wiping out roughly $771 million in leveraged long positions across crypto markets. Traders point to cascading liquidations accelerating the price drop, as heavily leveraged bets are forced closed when prices fall. Analysts say the losses are fueling further downward pressure, leaving investors asking how much further the market could decline.
Why now: Crypto traders are reacting to large-scale liquidations and falling Bitcoin prices.
Evidence
- Why Is Crypto Down Today? Bitcoin Sell-Off Deepens as $771M in Leveraged Bets Get Wiped Out · Bitcoin Foundation
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