Crypto Market Remains on Edge After Over $2B Wiped Out in the Last 24 Hours

The crypto market is reeling once again after an intense wave of liquidations erased over $2 billion in leveraged positions within a single day. Related Reading: Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target? With Bitcoin, Ethereum, Solana, and other major assets plunging sharply, traders are bracing for what could be another turbulent stretch, especially with billions in options set to expire. ETH’s price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Massive Liquidations Trigger Steep Sell-Off According to data from Coinglass, more than $2 billion in long and short positions were liquidated over the last 24 hours, marking one of the most severe unwinding events since October’s historic crash. Bitcoin (BTC) crashed as low as $82,000, while Ethereum (ETH) slid below $2,700. Traders holding long positions bore the brunt of the damage, with over $1.8 million in longs wiped out across major exchanges. The largest single liquidation