**HOT MOMENTS: Bitcoin and Altcoins Plummeted! Here's the Reason and Liquidations!**

The cryptocurrency market experienced a significant decline in recent hours. Here are the possible reasons for the drop and the data.
The crypto market saw a sharp downturn within the last hour. Experts indicate that the primary cause of this sudden drop is long position liquidations. A slight correction resulting from high leverage accumulation triggered chain reactions of liquidations.

According to data, a total of $208.33 million worth of positions were liquidated in just the past hour. Of this, $152.65 million came from long positions, and $55.68 million from short positions.
While the overall market declined, Bitcoin #BitcoinMarketAnalysis BTC ( price fell by 1.28% in the last hour, dropping to $112,864. Ethereum ) ETH ( similarly lost 2.38%, falling to around $3,983. Both assets experienced intense liquidations; $71.59 million in ETH and $41.18 million in BTC were liquidated.

In the altcoin market, significant activity was also observed. Solana ) SOL ( declined by 2.14% in the last hour, reaching $193. The liquidation amount on SOL was recorded at $35.21 million. Additionally, tokens with low volume but high volatility, such as PUMP and FARTCOIN, experienced liquidations of $7.49 million and $6.56 million, respectively.

The total liquidation amount over the past 24 hours reached $552.27 million. Of this, $395.29 million were from long positions, and $156.98 million from short positions. These figures once again highlight that leveraged trading in the market still carries considerable risk.

INVESTMENT ADVICE IS NOT PROVIDED )$BTC $ETH