More than $210 million in leveraged long positions were liquidated across the cryptocurrency market. Bitcoin fell toward $81,000 and Ethereum approached $2,300, signaling a sharp deleveraging of the market. Participants in the Hyperliquid price prediction market have lowered their expectations for it to reach $100 by December 31, 2026, with the implied probability falling from 44% to 38.5% in one day. A prolonged decline in Bitcoin and Ethereum could weigh further on market sentiment, while Hyperliquid partnerships and technological developments could influence the odds.
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