Crypto Liquidations Near $1 Billion as Bitcoin Falls to $81,328 Amid Market Sell-Off

Cryptocurrency liquidations reached $942.1 million over 24 hours, with long positions accounting for $863.3 million, or 91.6% of the total. Total crypto market capitalization dropped 4.96% to $2.76 trillion. The market flush followed hotter-than-expected US Consumer Price Index data, which drove broad risk-off sentiment. Bitcoin fell 2.54% to trade near $81,328, generating between $196 million and $197 million in liquidations. Ethereum led liquidations, losing roughly $283.1 million to $286 million as its price declined 5.31% to $2,373.87.