Bitcoin Slide Triggers $400M in Long Liquidations
Key Facts
Bitcoin price declines triggered $403.58 million in leveraged long liquidations within a single hour. BeInCrypto reported that the liquidations occurred as the price slid to approximately $83,800. The liquidated value represents about 0.27% of the total open interest in the futures market.
The price drop followed a loss of momentum in spot prices, leading to a rapid cascade of forced exits for traders. The market experienced bearish pressure as over-leveraged positions were flushed out, continuing the volatility observed over the last seven days.
Latest Updates · 1
- Notable·
Update: Total crypto long liquidations increased to $487.2 million over the past 24 hours. This rise follows the initial $403.58 million in liquidations, reflecting sustained selling pressure on leveraged positions.