Bitcoin’s sharp drop from $112,000 to below $106,000 on Monday triggered one of the largest liquidation waves in weeks, wiping out more than $1.27 billion in leveraged futures positions across crypto markets.
Data from CoinGlass shows long traders accounted for nearly 90% of the total liquidations, with more than $1.14 billion in bullish bets erased as prices fell from weekend highs. Shorts made up just $128 million of the total.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>
Trending: Ted Cruz Predicts When the Shutdown Will Likely End
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!