Add as a preferred source on GoogleBitcoin, Ether Slide as $770 Million in Crypto Positions Are Liquidated
Bitcoin fell 2.9% in 24 hours to $81,510, while Ether dropped 4.8% to below $2,425 as long positions bore most of the losses.
Bitcoin (BTC) and Ether (ETH) extended their declines Tuesday as $770 million in crypto positions were liquidated over 24 hours, with leveraged long positions accounting for most of the losses.
Bitcoin fell 2.9% to $81,510 after dropping below $81,500. Ether declined nearly 4.8% and slipped below $2,425. Long positions accounted for $685 million of the liquidations, compared with $85 million in short positions.
Other major tokens also weakened. Solana (SOL) fell 7.6% to $103.18 after touching $101.69, while XRP declined 6.2% to $1.3233.
The crypto fear-and-greed index fell to 57 from 69, moving closer to neutral after ranging between 57 and 73 over the past eight days. U.S. stocks were mixed Monday, with the S&P 500 down 0.09%, the Nasdaq Composite down 0.49% and the Dow Jones Industrial Average up 0.34%.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.