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Crypto Liquidations Exceed $1 Billion as Bitcoin Hits 11-Week Low

(2 hours ago) · 1 source · Summarized by CryptoBipto

Cryptocurrency markets experienced over $1 billion in liquidations as Bitcoin dropped to an 11-week low. The sell-off affected leveraged positions across the market, with long positions bearing the brunt of the losses.

WHY IT MATTERS

When people trade crypto, some borrow extra money to make bigger bets — this is called using leverage.

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SOURCES

  • decrypt.co

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BTCBitcoin PriceLiquidationsLeverage TradingMarket Volatility