Over $120M crypto longs liquidated in the past hour as Bitcoin dips below $103K
Crypto Briefing
Over $120 million in leveraged crypto long positions were liquidated as Bitcoin fell below $103,000, increasing market volatility.Summary
Heightened volatility in the crypto markets caused Bitcoin to drop below $103,000, which triggered the forced liquidation of over $120 million in leveraged long positions across major exchanges like Binance and Bybit. These liquidations represent the forced closure of trades betting on price increases, and the cascading effect amplified the downward price movement. Real-time data indicated that long position closures dominated the liquidation heatmaps as the digital asset retreated from higher price levels.
(Source：Crypto Briefing)