The crypto market suffered another sharp sell-off over the past 24 hours, with total liquidations surging to $1.681 billion, dominated by $1.574 billion in long positions, according to Coinglass data. More than 270,000 traders were liquidated globally, with the largest single order, an $80.6 million BTC-USDT position, a recorded on HTX. The broader downturn pushed total crypto market capitalization below $3 trillion, shedding over 5% in a day. Bitcoin dipped to $83,000, while Ethereum fell to $2,754. Losses spilled into equities, with U.S.-listed crypto stocks sliding sharply, led by near-10% drops in Strategy and BitMine.
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