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Epic-Scale Crash: Bulls Hit by a “Bloodbath”
The market is in extreme panic and stampede.
Bitcoin’s price has been slashed in half from last month’s rebound high of $81,000 to around $60,000, nearly a 50% drop from its all-time high. Only within the past hour, the total liquidation amount across the entire network has exceeded $500 million, and long positions were wiped out in a bloodbath. Notably, amid today’s market crash, asset-management giant BlackRock transferred 1,978 BTC (about $123 million) and 14,244 ETH (about $23.84 million) to Coinbase.
ETH’s plunge has been even more brutal. As the “leader among altcoins,” its collapse reflects the market’s risk appetite deteriorating sharply, with support levels in serious danger.