OVER $1 BILLION LIQUIDATED



More than $1 billion has been wiped out from the crypto market in the past 24 hours as Bitcoin and Ethereum sold off sharply.

Bitcoin briefly fell to its lowest level since early June as leveraged positions were forced out.

This wasn't just a crypto story.

Risk assets broadly weakened before strong Micron earnings helped stabilise sentiment around the AI trade.

For weeks, crypto has been moving alongside the same risk-on narrative driving AI stocks higher.

The last 24 hours showed how quickly leverage can unwind when liquidity dries up.
BTC-1.54%
ETH-1.11%
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