Based on AMBCrypto, Bitcoin and Ethereum experienced a sharp decline at the start of December, with Bitcoin falling from $86,300 to nearly $85,000 in one hour and Ethereum dropping from $2,825 to $2,806. The synchronized sell-off led to $647.25 million in liquidations over 24 hours, with long positions accounting for $572.91 million. BTC and ETH saw $201.89 million and $159.20 million in liquidations, respectively. ETF inflows for both assets were weak, and whale activity increased, signaling potential further volatility.
Bitcoin and Ethereum Prices Drop, $647M in Long Positions Liquidated Overnight
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