Mass Liquidation: 250,000 Traders Hit as Bitcoin Falls Below $100K
The total value of wrecked positions is well above $500 million on a daily scale.
cryptopotato.com
Bitcoin's price took a nosedive, dropping below $100,000, which led to a mass liquidation event affecting around 250,000 traders. The total value of liquidated positions exceeded $500 million, with a significant portion occurring within the last 12 hours. This downturn also impacted altcoins like SOL, DOGE, and LINK, which saw substantial losses. The largest single liquidation order was nearly $12 million on Binance. Despite the chaos, Bitcoin is attempting to recover and re-enter the six-digit price range.
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