Crash

Long

Bitcoin

Billion

<ul class="wp-block-list news-points"> 
 <li>Over $1.76 billion was liquidated from the digital asset space in the past day.</li> 
 <li>If BTC breaks above $104K and makes a new ATH, a massive $3.75 billion will be wiped off in BTC shorts.</li> 
 <li>If Bitcoin loses $90,000, investors might see $1.64 billion in longs being liquidated.</li> 
</ul> 
The crypto market saw $1.76 billion in liquidations during a brutal bloodbath. Bitcoin (BTC), the market’s top digital asset, failed to hold the $100,000 price level and subsequently plummeted below $97,000, with altcoins facing steep losses as well. Data reveals how this event reshaped the market. 
Data from <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="nofollow">Coinglass</a> reveals that nearly $1.36 billion was liquidated in just 12 hours. Long positions accounted for $1.25 billion of this figure, while short positions contributed $115 million. Over the past 24 hours, total liquidations reached a staggering $1.58 billion in longs and $182 million in shorts. 
<h2 class="wp-block-heading has-text-align-left" id="h-why-1-76-billion-in-crypto-liquidations-shook-the-market">Why $1.76 Billion in Crypto Liquidations Shook the Market</h2> 
The Bitcoin liquidation map suggests that if Bitcoin recovers and climbs back above $99,000, over $1.28 billion in BTC shorts could be liquidated. A break above $100,000 could trigger an even more substantial liquidation of $2.14 bil…
The post <a href="https://coinedition.com/crypto-bloodbath-1-76-billion-liquidations-spark-bitcoin-and-altcoin-crash/">Crypto Bloodbath: $1.76 Billion Liquidations Spark Bitcoin and Altcoin Crash</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Bloodbath: $1.76 Billion Liquidations Spark Bitcoin and Altcoin Crash

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