Bitcoin and Ethereum Plunge: $1 Billion in Liquidations Following Intraday Surges

Both Bitcoin (BTC) and Ethereum (ETH) experienced a sharp reversal today, shedding over 4% of their intraday gains after an initial surge. These declines triggered widespread liquidations, resulting in over $1 billion in losses across exchanges within the past 24 hours. This sudden pullback caught many traders off guard as they had anticipated continued bullish momentum following a potential breakout.