Bitcoin liquidations hit $1.05 billion as price falls to 77-day low

Bitcoin slipped to $74,780.91 on Friday, marking its lowest intraday value in 77 days as turbulence gripped both the cryptocurrency and U.S. equity markets. After this sharp decline, Bitcoin traded near $75,570, struggling to regain momentum in the ongoing session. Across major cryptocurrency exchanges, liquidations reached $1.05 billion within 24 hours, according to data from analytics platform CoinGlass. The data indicated that long positions accounted for $930.04 million—88.2% of the total—highlighting that most traders had been betting on a price increase. By comparison, short liquidations stood at $124.69 million.

Source: CoinTurk News