Home » Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%

Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%

May 16, 2026May 16, 2026

Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%

This post was originally published on this site.

A long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since March.

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Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%