From TokenPost · · 40s
Bitcoin Drops Below $76k as Crypto Liquidations Hit $880m
Bitcoin slumps below $76,000 as crypto liquidations surge to $880 million in four hours.
In brief
Bitcoin slumps below $76,000 as crypto liquidations surge to $880 million in four hours. Bitcoin fell to $75,568 and Ether dropped to $2,237 after leveraged positions were forcibly closed, totaling $880 million in liquidations. Originally reported by TokenPost.
Bitcoin and Ether Prices Drop
Bitcoin fell to $75,568 and Ether dropped to $2,237 as leveraged positions were forcibly closed across crypto markets.
Liquidations Total $880 Million
Liquidations reached $880 million over four hours, with $819 million in long positions and $61 million in short positions.
Impact on Traders
Over 198,931 traders were affected by liquidations totaling $1.033 billion in 24 hours, including a $10.94 million ETHUSDT position on Binance.
In short
Bitcoin fell to $75,568 and Ether dropped to $2,237 after leveraged positions were forcibly closed, totaling $880 million in liquidations.
