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

  • By: Kenny
  • Date: May 16, 2026
  • Time to read: 1 min.




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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