Best Crypto to Buy Now After Bitcoin’s Sudden 3,100% Liquidation Sparks Market Panic
Things took a turn for the bizarre as Bitcoin experienced a sudden liquidation event, leading to total liquidations of $32.31 million in just an hour. $31.03 million of that came from long positions, and $1.29 million came from shorts, CoinGlass reveals.
This could have been the result of China finally bending the knee to the US due to the recent tariff turmoil. Liquidation of Bitcoin is just one phenomenon; Ethereum also went through liquidations worth $9.36 million, followed by the likes of XRP, Solana, and Dogecoin.
The result of this is the sudden Bitcoin dip of 2.05% in the last 24 hours. While the BTC price continues to stay above the $100K level, a few more events like these could bring the crypto economy back to square…
