Bitcoin and Ethereum Plunge... Liquidation Exceeds $243 Million

# Bitcoin and Ethereum Plunge, Markets Recoil Bitcoin (BTC) and Ethereum (ETH) experienced a sharp decline, sending shockwaves through the market. According to CoinGlass, which analyzed data from Binance, Bitcoin plummeted to a low of $8,223 and Ethereum dropped to $1,998. Over the past four hours, the total liquidation in the market exceeded $243 million. Of this, long position liquidations alone amounted to $219 million. This indicates that investors who were holding long positions in anticipation of a price rebound suffered significant losses. Experts suggest that this downturn is likely due to a substantial sell-off by a major holder. They also reiterated the risks associated with investing in the highly volatile cryptocurrency market, urging a cautious approach. The market is now closely monitoring the upcoming U.S. economic indicators and the Federal Reserve's interest rate policies.