Crypto markets saw more than $1.70 billion in liquidations over 24 hours, affecting over 290,000 traders, during a broader selloff that erased more than $500 billion from the sector over 25 days. Over two days, total liquidations were reported at roughly $3 billion. Bitcoin fell to about $61,300 before rebounding toward $62,500, after being cited around $62,638, down 6.63%, in a later market update. Ether fell 6.71% to $1,757, while Solana dropped to $66, described as its lowest level since December 2023 and in newer reporting as a 52-week low. Fresh ETF outflows added to pressure, and traders increased bets on $60,000 put options, signaling expectations that further downside was possible.