Crypto’s Worst Week Since July 2024, Over $1.2 Billion in Positions Liquidated
Crypto markets post their worst weekly performance since July 2024, with Bitcoin dropping toward or below $60,000, Ethereum approaching key support zones, and more than $1.2 billion in leveraged posit
Bitcoin fell sharply this week, trading near or below the $60,000 psychological level — its weakest prints in months — as the broader market shed significant value. Ethereum plunged more than 12% on the day in some reports, approaching critical technical support amid the selloff. Liquidations exceeded $1.2 billion (with some sessions topping $1.7–1.8 billion), overwhelmingly hitting long positions as leveraged traders were flushed out. The week ranks as crypto’s worst since July 2024, with Bitcoin down nearly 15% and Ether over 17% in some measures. Crypto markets are e…
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