Crypto markets fell sharply as Bitcoin and Ethereum led a liquidation-driven sell-off, with leveraged longs unwound across major exchanges.
Why crypto fell today: Bitcoin and Ethereum lead a $600m long liquidation flush
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AI INSIGHT
Leveraged long positions worth $600 million liquidated across major crypto exchanges on Feb. 23, 2026; Bitcoin and Ethereum accounted for the largest share of the liquidations.
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