Crypto markets faced renewed pressure over the past 24 hours as major digital assets sold off amid leverage-driven liquidations, weakening miner economics, and heightened risk aversion. Ether (ETH) prices slid toward the $2,300 level, contributing to multi-billion-dollar unrealized losses for large treasury holders, while Bitcoin (BTC) fell below key cost-basis thresholds for major institutional investors. At the same time, Bitcoin’s network hashrate recorded its sharpest decline since the post-China mining ban recovery period, and a major Solana (SOL)-based DeFi protocol disclosed a significant treasury exploit.