The crypto market experienced a significant amount of liquidations, totaling $1.52 billion, as Bitcoin suffered another flash crash. Long positions accounted for the majority of liquidations, with $1.39 billion across the market, while short positions made up $137 million. Altcoins were hit the hardest, with over $759 million in liquidations occurring in just one hour. Bitcoin's price dropped to an intraday low of $94,129 before partially recovering to around $97,000. Ethereum and Dogecoin also saw substantial liquidations, and other altcoins like Solana, XRP, and Cardano faced significant pressure. The sell-off was driven by over-leveraged positions, weak sentiment, and cascading stop-loss orders. Binance accounted for the largest share of liquidations, followed by OKX and Bybit. Despite the volatility, the crypto Fear and Greed Index remains in Extreme Greed territory. As of the time of press, Bitcoin is ranked #1 by market cap, with a market capitalization of $1.91 trillion and a 24-hour trading volume of $103.65 billion. The total crypto market is valued at $3.44 trillion, with a 24-hour volume of $288.18 billion, and Bitcoin dominance is at 55.69%.



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