Bitcoin Liquidations Erase $715M in Long Bets in One Hour; Price Falls Under Strategy's $75,451 Cost
· techtimes.com · popularity 27/100 · 0 similar stories today · Crypto, Blockchain & Digital Assets (Money, Markets & Investing)
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Summary
Bitcoin liquidations wiped out about $715 million in leveraged long positions in one hour on Sunday, roughly 96% of $745 million in crypto futures liquidated, as bitcoin dipped near $73,500 and fell below Strategy's $75,451 average cost. CoinGlass data showed a similar Thursday flush of $880 million, and spot bitcoin ETF flows are due Monday.
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