Crypto Markets See $298 Million Liquidations as Bitcoin ETF Outflows Add Pressure

Crypto markets turned defensive on Thursday as a wave of leveraged liquidations collided with renewed selling pressure from U.S. spot Bitcoin ETF outflows, reinforcing a broader ‘de-risking' move across majors and large-cap altcoins. Over the past 24 hours, roughly $298.02 million in leveraged positions were forcibly liquidated, according to aggregated derivatives data.