Crypto market sees over $110 million in long liquidations as Bitcoin dips below $80,000
A wave of market deleveraging wiped out more than $110 million in bullish crypto positions over a 24-hour window as Bitcoin dropped below the $80,000 mark.
Crypto traders holding leveraged long positions faced heavy losses after an abrupt market downturn triggered over $110 million in liquidations across 24 hours. According to Whale Insider and Crypto Briefing, roughly $117 million in long positions were liquidated as leveraged bulls were flushed out in a wave of market-wide deleveraging.[2][3]
The sell-off coincided with Bitcoin slipping below the $80,000 threshold. Citing data from Coinglass, analyst Crypto Patel reported $112 million in long liquidations, noting that a liquidation cascade can accelerate downward price action without necessarily confirming a market bottom. Patel highlighted open interest, cooling funding rates, and spot absorption volume as critical metrics for traders to monitor following the flush.[1]
Key facts
- Whale Insider and Crypto Briefing reported that $117 million in crypto long positions were liquidated over a 24-hour period.
- Crypto Patel reported $112 million in crypto long liquidations in 24 hours based on data from Coinglass.
- Bitcoin slipped below $80,000 as leveraged traders were liquidated.
- The deleveraging event was noted by Crypto Briefing as highlighting the inherent risks of trading with high leverage.
Sources · 3 sources
- CP
Crypto Patel@CryptoPatelPost on X ·
$112M IN CRYPTO LONGS LIQUIDATED IN JUST 24 HOURS? Bitcoin slipped below $80,000 as leveraged traders faced a sharp liquidation wave, according to Coinglass. Here’s what traders Should watch next: ▶️ Open interest: Is leverage actually flushing out? ▶️ Funding rates: Are crowded long positions cooling? ▶️ Spot volume: Is real buying absorbing the sell-off? A liquidation cascade can accelerate a move but it doesn’t automatically confirm a market bottom.
Open source - CB
Crypto BriefingArticle ·
$117M in crypto long positions liquidated in 24 hours as leveraged bulls get flushed Market-wide deleveraging highlights the risks of high leverage in crypto trading, emphasizing the need for cautious risk management strategies. The post $117M in crypto long positions liquidated in 24 hours as leveraged bulls get flushed appeared first on Crypto Briefing .
Open source - WI
Whale Insider@WhaleInsiderPost on X ·
JUST IN: $117,000,000 in long positions liquidated from the crypto market in the past 24 hours. https://t.co/qR7xtMM6yI
Open source