Bitcoin, Ether Slide as $770 Million in Crypto Positions Are Liquidated

Bitcoin fell 2.9% in 24 hours to $81,510, while Ether dropped 4.8% to below $2,425 as $770 million in crypto positions were liquidated. Long positions bore most of the losses, according to market data. The selloff hit major cryptocurrencies, with traders facing significant forced closures amid the sharp price declines.