$220M in Longs Liquidated in 1 Hour as ETH Dips Below $2K and BTC Slides to $72K
A sharp crypto selloff wiped out $220 million in long positions within one hour as ETH fell below $2,000 for the first time in almost three months and BTC slid to $72K. XRP also hit a local low of $1.02. The scale of forced long liquidations signals crowded leverage being flushed out, which raises the risk of further downside volatility for traders.