Crypto Market Crash Triggers $1.5 Billion in Liquidations as Bitcoin Drops Below $95,000

Crypto Market Crash Triggers $1.5 Billion in Liquidations as Bitcoin Drops Below $95,000
Crypto Market Crash Triggers $1.5 Billion in Liquidations as Bitcoin Drops Below $95,000

The cryptocurrency market has seen a sharp decline over the past 24 hours, with Bitcoin falling to $94,100 before recovering to $97,800. The drop contributed to $1.5 billion in liquidations, affecting approximately 514,400 traders, according to Coinglass. Long positions accounted for $1.38 billion of the total liquidations, while short positions made up $136.7 million.

Bitcoin liquidations totaled $163.4 million, with Ethereum accounting for $204.7 million. The broader market saw its capitalization shrink by 7.5%, reflecting significant losses across major cryptocurrencies. Ethereum dropped 8% below $3,800, while Ripple, Dogecoin, and…

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