Monitored by Woofun AI, the crypto market experienced a sharp acceleration in its downward trajectory, with Bitcoin slipping to $62,624.39 and Ethereum breaking below the $1,700 threshold. This rapid price deterioration triggered a cascade of margin calls across the network.

In a span of less than one hour, a total of $180 million was liquidated, with long positions accounting for $176 million of the losses. The concentration of long-side liquidations indicates that leveraged bullish bets were disproportionately targeted during this brief but intense market correction.