Crypto liquidations soar to 2021 highs as Bitcoin drops below $100,000

AMB Crypto 10 months ago 292

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The total liquidations across the crypto market surpassed $875 million after Bitcoin fell below $100,000.
Bitcoin long liquidations also surged to a record high of $416 million.

The cryptocurrency market recorded a massive surge in liquidations in the last 24 hours, which wiped out over $875 million in leveraged long and short positions, marking the highest volume of liquidations since 2021.

Per Coinglass data, long liquidations totaled $702 million while short liquidations came in at $173 million. These liquidations affected more than 157,000 traders.

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