Bitcoin has fallen below $98,000, while Ethereum, Solana, and Cardano have each dropped by 8% amid significant liquidations of bullish positions. The recent decline in Bitcoin’s value has coincided with the liquidation of $880 million in bullish bets, indicating a shift in market sentiment. Investors in Ethereum, Solana, and Cardano are also experiencing losses, reflecting a broader downturn in the cryptocurrency market. This situation highlights the volatility of digital assets and the potential risks associated with leveraged trading.
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