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Crypto Carnage: Bitcoin Plunge Triggers $500M Long Liquidation Bloodbath as DOGE, ADA Tank 7%

Crypto Carnage: Bitcoin Plunge Triggers $500M Long Liquidation Bloodbath as DOGE, ADA Tank 7%

FxStreet-Crypto
Author:
FxStreet-Crypto
Release Time:
2025-05-13 08:39:10
0

Bitcoin drop causes $500M long liquidations as Dogecoin, ADA slide 7%

Markets recoil as Bitcoin’s sudden drop vaporizes half a billion in leveraged positions—proof that ’hedging’ is just Wall Street slang for ’hoping with margin.’

Dogecoin and Cardano lead altcoin losses, sliding 7% as traders rediscover that crypto winter always arrives fashionably early for the over-leveraged.

Another day, another reminder that blockchain’s most reliable smart contract is the one liquidating your collateral at the worst possible time.

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