Massive Liquidations: BTC, ETH, SOL, and XRP Prices Plunge

The cryptocurrency market faced a massive wave of liquidations affecting traders who held long positions. According to the analytics platform Coinglass, in just one hour, long positions totaling $219,170,000 were forcibly closed.

Key assets showed significant price drops, breaking important psychological support levels.

• Solana (SOL) fell below the $100 mark
• Ripple (XRP) traded below $1.30
• Ethereum (ETH) dropped below $2,350
• Bitcoin (BTC) fell below the $80,000 level