Over $120M crypto longs liquidated in the past hour as Bitcoin dips below $103K
Key Takeaways
- As Bitcoin dropped below $103,000, more than $120 million in long positions was liquidated.
- Leveraged long positions were forcibly closed across top exchanges like Binance and Bybit.
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Bitcoin dropped below $103,000, triggering over $120 million in liquidations and widespread forced closures of leveraged long positions across major exchanges.
The price decline resulted in cascading liquidation effects that amplified the downward movement. Exchanges like…
