Crypto Liquidations Hit $1B Amid Brutal Market Slide

TL;DR Market Decline: Bitcoin fell roughly 3% to around $81,000, and Ether dropped more than 6% to about $2,350 as uncertainty regarding the Federal Reserve’s next interest-rate decision weighed on digital asset markets. Ether Takes Largest Hit: Ether futures accounted for about $286 million in liquidated positions, exceeding bitcoin’s roughly $197 million despite ether having a considerably smaller futures market. Pressure Spreads Wider: Solana and Zcash futures also saw notable liquidations, showing that forced position closures extended beyond the largest cryptocurrencies and affected smaller digital assets as prices weakened. Crypto liquidations surged across the digital asset market as traders faced mounting pressure from falling prices and uncertainty surrounding the Federal Reserve’s next interest-rate decision.

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