Bitcoin News Today: Five Altcoins Plunge Over 18% as Leverage and Speculative Unwinding Drive Market Downturn
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最新报道：Bitcoin and major altcoins experienced a sharp decline, with the crypto market shedding over $200 billion in value amid widespread liquidations. Analysts attribute the downturn to excessive leverage and speculative unwinding, as Bitcoin dropped below $40,000 and altcoins like Solana and Avalanche plunged more than 18%. Market sentiment worsened after the SEC delayed its decision on a spot Bitcoin ETF, while macroeconomic concerns over inflation and Fed rate hikes added pressure. Derivatives data shows over $1 billion in long positions were liquidated, the highest since FTX's collapse, signaling heightened volatility ahead. Traders remain cautious as funding rates normalize after months of bullish leverage.
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