Crypto Chaos: BTC and ETH Take a Dive, Pippin Laughs All the Way to the Bank

The market cap? Oh, it’s down too. A whopping 4.31% to $2.23 trillion. All thanks to a liquidation cascade in Bitcoin derivatives that makes Niagara Falls look like a dribbling tap. Bitcoin long liquidations surged 934% to $211 million in the past 24 hours. That’s right, $200 million in crypto longs were liquidated in just one hour as BTC flirted with $65,000. It’s like watching a game of financial Jenga, but instead of wooden blocks, it’s people’s life savings.






