Over $120M crypto longs liquidated in the past hour as Bitcoin dips below $103K
Key Takeaways
- As Bitcoin dropped below $103,000, more than $120 million in long positions was liquidated.
- Leveraged long positions were forcibly closed across top exchanges like Binance and Bybit.
Bitcoin dropped below $103,000, triggering over $120 million in liquidations and widespread forced closures of leveraged long positions across major exchanges.
The price decline resulted in cascading liquidation effects that amplified the downward movement. Exchanges like Binance and Bybit reported significant long position wipeouts during the price sweep.
Crypto markets have shown amplified volatility in recent sessions, with liquidation events creating additional downward pressure on digital assets. Real-time liquidation heatmaps from major exchanges highlighted the dominance of long position closures as Bitcoin retreated from higher levels.
The liquidations represent forced closures of trading positions that were betting on price increases, as exchanges cleared out leveraged positions amid the market volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: Clearer Regulations and Growing Retail Interest Drive XRP ETF to $26M Increase
- Canary Capital's XRPC ETF surged to $26M in 30 minutes, exceeding $17M expectations and outperforming prior altcoin ETF debuts. - XRP saw $28M weekly inflows amid crypto volatility, contrasting Bitcoin and Ethereum's $1.37B combined outflows. - Post-SEC settlement legal clarity and $125M fine in 2025 positioned XRP as a regulated altcoin, attracting $2.4B in ETF AUM. - Technical indicators show XRP trading above $2.50 with 68 RSI, but $3.36B Open Interest remains below October's $9B peak.
Bitcoin Updates: Bitcoin or Gold by 2035? Saylor’s Wager Challenges Skeptics Amid Concerns Over Debt
- Michael Saylor predicts Bitcoin will surpass gold as the largest asset class by 2035, citing its capped supply and growing adoption. - MicroStrategy (MSTR) holds 641,692 BTC ($68B) via perpetual preferred stock issuances, reflecting Saylor's aggressive Bitcoin accumulation strategy. - Critics like Jim Chanos question Strategy's debt-fueled Bitcoin bets, noting its 22% stock decline and Bitcoin's $2.04T market cap lagging gold's $29.2T valuation. - Saylor argues Bitcoin's "hard cap" and institutional adop
Solana News Update: Merging Privacy with Speed: Zcash and Solana at the Forefront of Institutional Crypto Expansion
- Zcash (ZEC) gains momentum after Tyler Winklevoss's $50M investment, rebranding his firm as Cypherpunk Technologies and acquiring 1.25% of ZEC supply. - Zenrock's zenZEC token bridges Zcash privacy with Solana's speed, enabling DeFi participation while preserving anonymity through MPC technology. - Solana's institutional adoption grows with Classover expanding holdings to 58,142 SOL and Japan's FSA supporting stablecoin issuance by major banks . - Privacy-focused crypto and DeFi innovations, backed by $5
DOGE rises by 2.56% as Poain AI Staking goes live
- Poain BlockEnergy launched an AI Smart-Staking program for DOGE , coinciding with a 2.56% 24-hour price rise to $0.17475. - The program offers flexible staking terms (e.g., 3.0% in 2 days) and AI-optimized security for DOGE and major tokens like BTC/ETH. - Backtests show DOGE's 5% surges often lead to -15.7% 30-day returns, underperforming passive holding strategies. - Poain's AI-driven approach aims to diversify crypto yields but highlights risks in chasing short-term price spikes.
Trending news
MoreCrypto prices
More
