Crypto market clears $159M in long liquidations as market cools

**Cryptocurrency Market Faces Major Liquidation Event as Bitcoin and Ethereum Prices Decline**

The cryptocurrency market experienced significant turbulence as over $159 million in long liquidations swept across major digital assets. Bitcoin (BTC) led the downturn, triggering widespread long position closures as traders faced mounting pressure from declining prices. Ethereum (ETH) suffered particularly heavy losses, with more than $53 million in long liquidations occurring within a single hour as the token retreated below the critical $4,500 resistance level.

This massive liquidation event highlights the volatile nature of cryptocurrency trading and the risks associated with leveraged positions in the digital asset space. The rapid price movements demonstrate how quickly market sentiment can shift in the blockchain ecosystem, affecting both institutional and retail investors.

The cooling market conditions reflect broader concerns about cryptocurrency adoption and regulatory uncertainty. As Bitcoin and Ethereum continue to dominate the DeFi landscape, such liquidation events serve as important indicators of market health and investor confidence. Traders and analysts closely monitor these metrics to gauge potential support levels and future price movements in the ever-evolving cryptocurrency market.