$220M in Longs Liquidated in 1 Hour as ETH Dips Below $2K and BTC Slides to $72K

$220 million in long positions were liquidated in one hour as ETH dipped below $2,000 for the first time in almost three months. BTC slid to $72,000, and XRP went to a local low of its own at $1.02. The rapid price drops triggered a wave of forced selling.