According to CoinDesk, Bitcoin dropped 17.3% this week, while Ethereum fell 22%, marking the largest weekly decline for both assets since the FTX collapse in November 2022. During this period, the overall digital asset market value decreased by approximately $390 billion; the total cryptocurrency market cap hovers above $2 trillion, less than half of the $4.2 trillion peak in October. Data from CoinGlass shows that about $7 billion in leveraged positions were liquidated this week, with approximately $5.7 billion in long positions affected. The most severe sell-offs occurred on Monday and Friday.

BTC-2.47%
ETH-3.16%
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