CoinDesk
Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
May 16, 2026
5 Min Read
REAL RATE // REPORTED CONTENT
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.
Original Source
This report was originally published by CoinDesk.