Bitcoin, AI stock slide sees over $500 million in bullish bets wiped out

Data shows 181,893 traders were liquidated, with long positions accounting for over 87% of total losses.\nWhat to know : Over $584 million in crypto positions were liquidated, primarily affecting long positions amid thin liquidity and fragile risk sentiment. Bitcoin and ether led the liquidations, with Binance, Bybit, and Hyperliquid accounting for nearly three-quarters of the total. The event is indicative the market's sensitivity to leverage, with volatility expected to remain high until spot demand strengthens.