Crypto Market See $800M in Liquidation as BTC Drops to $96k
The cryptocurrency market has been rocked by a wave of liquidations, with a staggering $846.8 million lost in just the past 24 hours. This sudden market shake-up has affected nearly 243,000 traders, most of whom were caught in the volatility of Bitcoin (BTC) and Ethereum (ETH).
The liquidations came in waves, with a significant portion stemming from long positions—those betting on rising prices. In the first hour alone, $13.35 million was liquidated, followed by $37.39 million in the next four hours.
However, the most intense period was the 12-hour window, during which $465.81 million was wiped out, making up more than half of the total liquidations.
A notable event in the chaos was the largest single liquidation of the day, a…
