Topic
The crypto market absorbed $573 million in liquidations in a sharp bout of volatility, with decentralized exchange Hyperliquid emerging as a focal point amid the turbulence.
Bitcoin surged past $65,500 as bearish traders paid a heavy price, with $209 million in crypto short positions liquidated across major markets.
Over $700 million in Bitcoin long positions were wiped out as BTC slipped under $60,000, reflecting weak demand and sustained losses across the market.
Bitcoin fell below $60,000 triggering a wave of forced selling across crypto markets, with $895 million in positions liquidated in a sharp sell-off.
Bitcoin traders took a heavy hit as liquidations topped $169 million, raising fresh concerns about long squeeze risks in a weakening market.
