Crypto Market Sheds $571 Billion in Ten Days as Selloff Deepens

The scale here is less notable than the speed: a $571 billion drawdown compressed into ten days points to a market where positioning unwound faster than fundamentals could adjust, and the break below the $72,000 level looks like a trigger rather than a cause. The rebound in both bitcoin and ether after a further sharp drop suggests dip-buying remains present, but it also signals fragile, headline-driven trading. The open question is whether volatility keeps feeding on itself or stabilizes now that leveraged excess has been flushed out.