The global crypto market suffered a sharp downturn on Wednesday, with over $640 million in leveraged positions liquidated as traders rushed to exit amid profit-taking and ETF outflows.

According to data from Coinglass , Bitcoin (BTC) and Ethereum (ETH) bore the brunt of the wipeout, facing $155 million and $180 million in liquidations respectively, while altcoins like XRP, Solana (SOL), and BNB also saw heavy losses.

The total crypto market capitalization fell 1.9% to $4.18 trillion, with trading volumes rising to $240 billion, a sign that forced selling and defensive repositioning dominated the session. The Fear & Greed Index dropped from 62 to a neutral 55, reflecting fading risk appetite after weeks of aggressive buying.

Bitcoin, Ethereum, and XRP Face Technical Breakdown

Bitcoin

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