Crypto Carnage: $2B Liquidated as Bitcoin Plunges to $83K, Ethereum Shatters Support
Digital asset markets bled crimson as leveraged positions vaporized in the latest volatility storm.
The Great Unwind
Bitcoin's sudden descent to $83,000 triggered cascading liquidations across derivative markets—traders watched $2 billion evaporate in hours. Ethereum didn't just dip—it shattered key technical levels that bulls had defended for weeks.
Margin Call Massacre
Over-leveraged positions crumbled faster than a meme coin's fundamentals. Longs got demolished while shorts feasted—another reminder that crypto markets eat the greedy for breakfast. The liquidation bloodbath hit every major exchange, proving once again that 'risk management' remains Wall Street's most ignored phrase.
Institutional Whiplash
Even seasoned players got caught flat-footed—proving that when crypto moves, it doesn't care about your resume or portfolio size. The $2 billion lesson? Markets remain the great humbler, whether you're trading blue chips or dog-themed tokens.
Leading XRPL decentralized exchange First Ledger has claimed that major financial institutions such as Mastercard and WebBank will use XRP. First Ledger’s assertion comes weeks after Ripple announced its partnership with Mastercard, WebBank, and Gemini to pilot RLUSD stablecoin settlement on the XRP Ledger (XRPL).
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