Bitcoin Price Briefly Reclaims $82K as Liquidations Top $1 Billion
More than 180,000 traders were liquidated as leveraged long positions drove $940 million of the losses, CoinGlass data showed.
- Bitcoin fell below $81,000 on Friday, triggering nearly $1.1 billion in crypto liquidations over 24 hours as the total crypto market cap dropped below $2.8 trillion to a one-month low.
- Short-Term holders sent more than 55,000 BTC to exchanges at a loss on Thursday, while reports show the U.S. government moved more than 12,000 BTC previously confiscated, compounding selling pressure.
- More than 180,000 traders faced liquidation as leveraged long positions closed into falling prices, with long positions accounting for $940 million of the total figure per CoinGlass data.
- Major crypto assets fell 3% to 5% over 24 hours, with BNB around $720 and XRP around $1.40, reflecting a market-wide reduction in risk rather than an isolated BTC move.
- Rekt Capital warned that price downside increased the odds of a breakdown below key support, as $80,000 remains the psychological dividing line for Bitcoin while investors monitor Bitcoin ETF flow stabilization.
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XRP Takes a Modest 2.7% Share as Crypto Liquidations Cross $1B
XRP accounted for just 2.7% of total crypto liquidations as the derivatives market recorded $1.09 billion in forced position closures over 24 hours. The losses affected 180,837 traders across tracked exchanges, showing how quickly leveraged positions can suffer during sharp market moves. The largest single liquidation involved an ETH position worth $19.98 million on Hyperliquid.
Four days after the record high, the biggest liquidation cascade of crypto history began. Where do we stand one year after the crash? Source: BTC-ECHO BTC-ECHO
Key points of the news: Bitcoin fell to $80,350 before recovering to $82,500, while nearly $1.1 billion in settlement was hitting the crypt market for 24 hours. Long positions concentrated around $1,050 million of the total, making buyers leveraged into the main ones affected by the wave of liquidations. Short helders have been ... Read more
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