📉😱 Bitcoin and Ether took a nosedive, with BTC losing 2.5% of its value and ETH dropping 2.58%. This crypto rollercoaster ride wiped out nearly $200 million in leveraged trades. Ouch! 💸
BTC traders faced the biggest losses, with $46.9 million liquidated. ETH traders weren't far behind, losing $41 million. This comes hot on the heels of a $400 million liquidation last Friday. Talk about a rough week!
This market mayhem is linked to the upcoming May CPI report and FOMC on June 12. Historically, these events cause crypto chaos as investors scramble to manage risk.
So, what's your move? HODL or sell? Let's chat below! 👇👇