Crypto Markets Hit by $1.7B Liquidations as Bitcoin Decline Spurs Broad Selloff

Crypto markets took a big hit on Sunday, with $1.7 billion in liquidations. The bearish sentiments were fuelled by Bitcoin’s sudden drop which sparked a broader selloff. The decline forced leveraged traders to close positions. This has only added fuel to the volatility. While some see such dips as a chance to buy the dip, the move highlights just how quickly crypto markets can swing. The trend is a classic example of how trading with leverage can be risky, and even major coins aren’t immune to sudden shifts. The best way for investors to stay protected is by managing risk and being prepared for fast-moving markets where prices can change dramatically in a matter of hours.