$4.5 billion in crypto liquidations in a week amid Bitcoin drop to $91,000
Crypto Briefing
Crypto markets saw $4.5 billion in liquidations this week following Bitcoin's sharp drop to $91,000.Summary
The cryptocurrency markets experienced significant turbulence this week, resulting in total liquidations reaching $4.5 billion. This massive sell-off was primarily triggered by Bitcoin's sharp price decline to $91,000, which forced the closure of numerous leveraged positions across major digital asset exchanges. The volatility was severe, with over $1 billion in leveraged positions liquidated in the preceding 24 hours alone, and $300 million wiped out in just the last four hours, suggesting a major player's liquidation may have exacerbated Bitcoin's plunge on Monday afternoon.
(Source：Crypto Briefing)