Bitcoin plunges below $92K as liquidations top $490M

Bitcoin fell below the $92,000 mark on Wednesday morning, resulting in more than $490 million in liquidations over the preceding 24 hours, according to Coinglass data. This decline followed a brief rally on Monday where BTC reached a weekly high near $95,000 before reversing course. Long positions bore the majority of the losses, accounting for $374 million in liquidations, while short positions contributed $83 million. Other major cryptocurrencies also experienced pullbacks; Ethereum fell from near $3,300 to about $3,140, Solana dropped from $143 to $136, and XRP saw a sharp decline from $2.41 to $2.20. Overall, the cryptocurrency market was down 1.5% in the last 24 hours.

(Source：Crypto Briefing)