Bitcoin drops under $100K, triggering $117M in long liquidations in one hour
Crypto Briefing
Bitcoin briefly fell below $100,000, causing over $117 million in leveraged long positions to be liquidated in under an hour.Summary
Bitcoin experienced a sharp afternoon dip on Thursday, falling below the $100,000 threshold and immediately triggering more than $117 million in long liquidations within one hour. This event represented one of the largest hourly liquidation spikes recently, as automated sell-offs forced out overleveraged traders across major futures exchanges who could not meet margin calls during the rapid price correction. This incident highlights growing market fragility and the increased risk leveraged traders face from sudden price reversals amid ongoing macroeconomic uncertainty.
(Source：Crypto Briefing)