#BinanceLaunchpool A staggering $286 million in cryptocurrency liquidations shook the market, sparking widespread concern. In the last 24 hours, Bitcoin, Ethereum, and other digital assets saw significant price drops, triggering massive liquidations. According to CoinGlass data, over 99,000 traders were affected, with Bitcoin alone experiencing $69.2 million in liquidations. Ethereum saw even more significant losses, with $91.73 million in liquidations. Other assets like Solana and Dogecoin also saw substantial losses.

In the last hour, Ethereum saw an additional $4.12 million in liquidations, while Bitcoin and Solana saw $1.3 million and $1.01 million, respectively. The sudden sell-off erased earlier gains, sending traders into a panic. Bitcoin, which had previously risen to $73,000 and found support at $65,000, now trades at $60,437.79, a 4.11% decline in the last 24 hours.

Technical indicators suggest a further decline is likely, potentially below $60,000. The slowdown in spot Bitcoin ETF excitement and weaker-than-expected trading volume in Hong Kong have contributed to the decline. The launch of the Spot Bitcoin ETF in Hong Kong failed to calm investors, as first-day trading volume was weaker than expected."