Ether, SOL and XRP Slide as Liquidations Hit $580 Million
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Ether, SOL, and XRP fell sharply as crypto liquidations totaled $580 million, with SOL trading below $82 and XRP below $1.05 on Coinbase spot markets while bitcoin dropped beneath $73,000. The broad selloff hit major tokens across the market, underscoring how leveraged positions are being unwound as prices slide. The scale of liquidations matters because forced selling can amplify downward moves and signal stress among traders using borrowed funds. Market participants will watch whether bitcoin holds above the $73,000 level and whether liquidation volumes ease, which could indicate whether the selling pressure is stabilizing or deepening.
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