Bitcoin’s drop triggers $1.57 billion in liquidations

Andjela Radmilac

In the past 24 hours, the crypto market saw $1.57 billion in liquidations, the highest recorded since September 2021. Bitcoin’s drop below $97,000 led to $1.39 billion in longs being liquidated and just $183.63 million in shorts. Such a high dominance of longs shows overconfidence among traders expecting Bitcoin’s price to rise past $100,000 in […]

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Bitcoin’s drop triggers $1.57 billion in liquidations