Citing AICryptoCore, the crypto market faced a $17 billion wipeout, with retail and institutional investors losing significant value in Bitcoin, Ethereum, and AI-related tokens. On-chain data shows major outflows from BTC and ETH funds, totaling $1.37 billion in a week, while $2.10 billion in positions were liquidated. QwQiao of Alliance DAO warned of a potential market top and risks from a bursting AI stock bubble.
Crypto Market Loses $17 Billion Amid BTC, ETH Volatility and Institutional Outflows
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