"Bitcoin's Rollercoaster Ride: Volatility Triggers $800 Million in Liquidations"

1 min read
Source: Decrypt
"Bitcoin's Rollercoaster Ride: Volatility Triggers $800 Million in Liquidations"
Photo: Decrypt
TL;DR Summary

Bitcoin's sudden plunge triggered nearly $300 million worth of BTC-specific liquidations in 24 hours and over $800 million worth of liquidations across the broader crypto market, following a report on inflation. Ethereum also plummeted about 8% off yesterday’s inflation news, with over $100 million worth of ETH long positions liquidated. Other tokens, including Solana and Dogecoin, also saw significant liquidations.

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