Crypto longs lose $500 million as bitcoin slides t..

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Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5% https://www.coindesk.com/marke....ts/2026/05/16/crypto #kripto #crypto #coindesk

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

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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