Crypto Liquidation Crosses $1B, Bitcoin Price Braces for Options Expiry, Jobs Data
Bitcoin price fell 5% to a low of $100,372 due to macro headwinds, liquidation of leveraged trades, and the Elon Musk-Donald Trump feud. Traders now await crypto options expiry and nonfarm payrolls data release on Friday to determine market direction.
Moreover, top altcoins ETH, XRP, SOL, DOGE, ADA, HYPE, and SUI tumbled following BTC price crash, extending BTC fall to over 10% from its all-time high. At the time of writing, BTC price rebounded slightly above $102,400 as investors buy the dip.
Crypto Liquidation Surpasses $1 Billion
According to CoinGlass data, the crypto market saw over $1 billion in crypto liquidations, causing the liquidation of over 227K crypto traders. Notably, more than $900 million long and $100 million short…
