Crypto slide deepens as $580M in liquidations hit ether, SOL, XRP

The scale of the liquidation cascade matters more than the individual price levels: forced selling across ether, SOL and XRP at once points to broadly shared leverage rather than a single-asset story, and bitcoin slipping beneath $73,000 suggests the pressure is not confined to altcoins. What stands out is how thin spot liquidity appears when Coinbase prints SOL below $82 and XRP below $1.05 — moves that look less like repricing than mechanical unwinding. Whether the deleveraging has run its course, or whether another round of liquidations follows, is the open question.