BTC -14.4% · ETH -16.4% · SOL -19.9% · $3.0B liquidated (77% longs) · top mover SIREN +153%
The longs got their clocks cleaned, and it's hard to feel too bad for them. After all, when you're down 77% of the $3.0B liquidated, it's like trying to put out a fire with a squirt gun – you're just delaying the inevitable. As the market swooned, Bitcoin took a 14.4% bath, Ethereum a 16.4% one, and Solana a whopping 19.9%. Amid the carnage, those who bet on the metals market, like H and WLD, managed to eke out some gains – a 38% and 31% pop, respectively. But for the most part, it was a grim week for cryptos, with ADA, ZEC, and ALGO getting sliced and diced. The market was a messy brawl between bulls and bears, and it looks like the bears are getting the upper hand.