$300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K
Crypto Briefing
Approximately $300 million in leveraged crypto long positions were liquidated in the last hour following Bitcoin's drop to $97,000.Summary
The cryptocurrency markets experienced a sharp wave of liquidations, resulting in the wiping out of roughly $300 million in leveraged long positions within the past 60 minutes. This occurred as Bitcoin's price rapidly pulled back from near $99,000 down to $97,000, which triggered widespread selling pressure across other digital assets. These forced closures happened across major exchanges as traders' highly leveraged bets on rising prices hit their liquidation thresholds. Over the last 24 hours, liquidations have impacted 235,644 traders, totaling $1 billion, with the largest single liquidation on HTX's BTC-USDT market exceeding $44 million.
(Source：Crypto Briefing)