Crypto Market Plunges as Leverage Liquidations Hit $1 Billion

Crypto markets experienced a significant downturn this week, with Bitcoin prices falling below $90,000 and the total crypto market capitalization dropping by over $1 trillion. Over $1 billion in leveraged positions were liquidated within 24 hours, leading to a cascade of forced selling across major exchanges. This coincides with a surge in activity from long-term holders as they shift their investments amid the market volatility.