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The cryptocurrency market has experienced a major correction, with $1.76 billion in positions liquidated within 24 hours. This marks one of the largest liquidation events of the year. The market downturn has affected assets across the board, with Bitcoin retreating to $96,814.09 at press time, representing a 3% decline.The liquidation event has particularly impacted leveraged traders, with long positions suffering the majority of the losses. Of the total liquidations, $1.58 billion came from long positions, while short positions accounted for $184 million.Small-cap cryptocurrencies have been hit hardest, with $563 million liquidated in 24 hours. The disparity between long positions ($537 million) and short positions ($25 million) in this segment reveals the extent of positioning in smaller altcoins.<a href="https://cryptotale.org/bitcoin-drops-3-amid-1-76b-liquidations-eth-and-xrp-fall/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Drops 3% Amid $1.76B Liquidations, ETH and XRP Fall

CryptoTale

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