Crypto Market Sees Massive Liquidations as Rate Cut Bets Fade

The cryptocurrency market experienced significant volatility in the last 24 hours, with over $270 million in liquidations across traders. Ether and Bitcoin holdings were particularly affected, leading to losses of $170 million in ETH and $104 million in BTC positions. The sell-off appears to be more of a readjustment than a structural shift, fueled by fading expectations of a September Federal Reserve rate cut.