Dogecoin, Solana, and Ethereum see significant price drops as crypto liquidations approach 1.7 billion USD

In a sharp decline, the crypto market cap has fallen to 3.98 trillion USD. Dogecoin dropped by 10%, while Solana and Ethereum saw decreases of 6.9% and 6.2%, respectively.

Approximately 390,000 traders faced liquidations totaling around 1.68 billion USD. Most liquidations were linked to long positions, demonstrating a high level of exposure among bullish investors.

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