ETH, SOL, and DOGE Drop 7% Amid $850 Million Liquidation

A significant wave of long liquidations hits Ethereum, Solana, and Dogecoin, leading to a 7% decline in their values during weekend trading.

The cryptocurrency market experienced a notable downturn this weekend, with Ether, Solana, and XRP taking the hardest hits as long liquidations impacted futures trading. A staggering $850 million in bullish positions were liquidated, indicating that market stress has extended beyond just Bitcoin.

This recent trend highlights the volatility prevalent in the crypto space, as traders faced significant losses due to the forced closure of leveraged positions. As market conditions continue to fluctuate, investors are urged to remain cautious and informed about the risks associated with trading in such unpredictable environments.