$100,000 Bitcoin at Risk as $878 Million Liquidation Tsunami Triggers Crypto Bloodbath
There’s been a bit of a market shakeout over the past 24 hours, with $876 million in leveraged positions being wiped out across the crypto space. This has forced more than 227,000 traders out of their positions and dragged Bitcoin close to losing its six-figure handle, according to CoinGlass.
The timing wasn’t random. Bitcoin’s price structure broke down in late trading, causing a painful drop that cut through key levels without any resistance almost at all. In just minutes, BTC fell from around $102,800 to just above $100,000, triggering a brutal series of forced liquidations. Bitcoin has recovered a bit, but it’s still just a little above…
