ETH, SOL and DOGE slide 7% as $850 million bullish bets end up liquidated

Ether, solana and XRP led losses across crypto as a wave of long liquidations swept futures markets, showing stress spreading beyond bitcoin during weekend trading. What to know : Nearly $1 billion in crypto positions were liquidated over 24 hours as a weekend sell-off spread across major tokens and high-beta altcoins. Ether led the losses with about $385 million in liquidations, followed by bitcoin at roughly $188 million, while solana and XRP each saw more than $45 million wiped out. The wave of mostly long-position liquidations, including in tokenized silver, reflected thin weekend liquidity and a mechanical reset in leverage rather than outright panic, leaving the market's next direction dependent on how quickly risk builds back up.(Coindesk)