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Over $489M in Crypto Longs Liquidated as Bitcoin, Ethereum Extend Losses
Yahoo Finance·2025-10-08 20:19

Bitcoin extended its retreat from record highs on Tuesday, triggering a liquidation event that wiped out nearly 500millioninleveragedlongpositionsandunderscoringthevolatileunderpinningsoftherecentrally.Attimeofpublication,Bitcoinspriceisdown1.2500 million in leveraged long positions and underscoring the volatile underpinnings of the recent rally. At time of publication, Bitcoin's price is down 1.2% over the past 24 hours and nearly 3% from its 126,080 record high set on Monday, according to CoinGecko data. Ethereum's losses outpaced those of Bitcoin, with ETH trading down 4.6% on the day, at $4,492. The market correction forced the ...