Bitcoin liquidations hit $148M as price spikes to $90K before retreating
Crypto Briefing
Bitcoin liquidations reached $148 million after the price briefly spiked to $90,000 and then sharply reversed.Summary
Bitcoin experienced significant volatility when its price briefly surged past $90,000 on Wednesday morning before quickly falling back to $87,000 within a single candle, wiping out the day's gains. This sudden move triggered $148 million in liquidations across major exchanges over the preceding hour, with short positions accounting for $109 million and long positions for $38 million. The rapid price action negatively impacted broader market sentiment, leading to a 1% decline in the total cryptocurrency market capitalization as most major tokens mirrored Bitcoin's drop.
(Source：Crypto Briefing)