Bitcoin (BTC), Crypto News: $500 million lost to liquidations in latest plunge
Over $584 million in crypto positions were liquidated in 24 hours due to a sharp slide in Bitcoin and AI stocks, wiping out crowded long bets.Summary
Crypto markets experienced a significant leverage reset over the last 24 hours, resulting in the liquidation of over $584 million in positions, primarily long bets, amid thin liquidity and fragile risk sentiment driven by macro uncertainty and slumps in AI-linked stocks like Broadcom and Oracle. Data showed 181,893 traders were liquidated, with over 87% of losses coming from long positions, indicating the drop was caused by the inability to sustain leveraged bullish bets rather than new bearish catalysts. Bitcoin and Ether led the liquidations, and the event resembled a classic liquidity sweep that triggered stop-losses below key support levels. While spot prices stabilized, suggesting the event was about positioning excesses, repeated long-heavy flushes signal deteriorating market structure, warning that volatility remains skewed to the downside until leverage cools.
(Source：CoinDesk)