Crypto Market Plunges: $700 Million in Liquidations Spark Concern

Recent market volatility has triggered a wave of chain liquidations across popular cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Dogecoin. CoinGlass data reveals an estimated $700 million USD lost as these digital assets saw massive sell-offs fueled by high leverage and amplified volatility during uncertain economic times. XPL coin stands out with significant losses, further intensifying the market downturn. This surge in liquidations is a clear sign of the increased risk associated with leveraging positions as investors navigate a shifting global investor sentiment.