Key Takeaways
- Crypto markets experienced $4.5 billion in liquidations within a week, marking significant volatility.
- Bitcoin’s price declined sharply to $91,000, triggering widespread liquidations.
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Crypto markets faced heavy turbulence this week as total liquidations surged to $4.5 billion, triggered by Bitcoin’s sharp drop to $91,000. The sell-off led to widespread forced closures of leveraged positions across major digital asset platforms.
More than $1 billion in leveraged positions were liquidated in the past 24 hours alone, with $300 million wiped out in just the last four hours. The sudden spike suggests a large player may have been liquidated, contributing to Bitcoin’s plunge on Monday afternoon.
