Crypto Market Wipes Out $446M in Leveraged Positions

Crypto markets experienced a significant shake-up this week, with over $646 million in leveraged positions wiped out, primarily from long positions. Binance, Hyperliquid, and Bybit recorded over $160 million in liquidations each. Bitcoin and Ethereum dropped by over 5% and 6% respectively, following a rapid downturn through late November. Traders now anticipate more price swings until trading activity picks up later in the day, particularly during the U.S. trading session.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.