Coinspeaker
Crypto Liquidations Near $300M as Market Faces Continued Pressure
The cryptocurrency market has been in free fall over the past week, with Bitcoin
BTC
$95 976
24h volatility:
1.2%
Market cap:
$1.90 T
Vol. 24h:
$53.78 B
plunging below $95,000, marking a nearly 10% decline in just seven days. This sharp drop has triggered substantial losses for altcoin and futures traders, with long positions bearing the brunt of the impact.
On Monday, December 23, leveraged positions worth nearly $300 million were liquidated as Bitcoin price slump accelerated. Most of these liquidations involved long traders who had expected Bitcoin to rally above its current level of $94,951. This marks Bitcoin’s lowest point since mid
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