Over $585M in Crypto Longs Liquidated as Bitcoin Falls Below $116,000
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Description
The crypto market witnessed heavy liquidations on Friday, with over half a billion dollars in long positions wiped out as Bitcoin price slipped below $116,000 amid a broader market decline. According to data from CoinGlass, $585.86 million worth of long positions were liquidated, with Bitcoin accounting for $140.06 million of the total as it dropped 2.63% to $115,356. Ether also faced sharp liquidations, with $104.76 million in longs cleared as the price fell 1.33% to $3,598. Dogecoin recorded t...
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