Bitcoin
Crypto Flash Crash Wipes Out $500M in Long Positions
Coinpedia·August 22, 2026·1 min read
A crypto flash crash wiped out $500 million in long positions within an hour, pushing total 24-hour liquidations toward $1.82 billion. Bitcoin fell 2.5%, Ethereum 5%, Solana 11.5%, and XRP 37%. Most liquidations involved leveraged longs on major exchanges like Binance, highlighting the risks of high leverage.
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