Bitcoin's rally above $100,000 came to a halt as the cryptocurrency fell back to five-figure territory, resulting in a significant number of liquidations across the market. Over $885 million in leveraged positions were liquidated in the past 24 hours, with Bitcoin accounting for the highest amount. Other altcoins, such as Ethereum, XRP, DOGE, and Solana, also experienced substantial liquidations. Long positions were the most affected, and Binance saw the highest exchange-specific liquidation volume. The liquidation numbers may not be up to date due to high volatility. As of the time of press, Bitcoin's price is down 2.99% over the past 24 hours.
- Content Editor ( cryptoslate.com )
- 2024-12-06
Bitcoin flash crashes to $90,200 causing over $885 million in liquidations