Crypto Market Drops 3% Amid $1.3B in Liquidations

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The global crypto market cap fell 3% to $3.65 trillion on Monday, as nearly $1.3 billion in leveraged positions were liquidated in 24 hours.
Analysts cited persistent whale selling and social media rumors — including the Wintermute-Binance speculation — as short-term bearish catalysts.

[EmTeam]

Another cascade — leverage still the market’s biggest weakness.

[Rimon Khan]

Wipeouts like this always reset the greed index back to sanity.