"Bitcoin Plummets, Wiping Out $100M in Long Positions Instantly"

Bitcoin's price experienced a sharp decline, dropping over $3,000 in a matter of minutes, leading to the liquidation of over $100 million in long positions within an hour, according to Coinglass. The 24-hour liquidation total reached approximately $141 million. The market volatility also affected altcoins, with Solana, Avalanche, Ripple, and others seeing significant losses. Ethereum and BNB also faced downturns but remained above certain price levels.