Bitcoin (BTC) Price Decline Spurs Largest Crypto Liquidation for Bulls in 3 Months

Big declines across the board prompt­ed over $307 mil­lion in liq­ui­da­tions of lever­aged cryp­to long posi­tions – bets on high­er prices – over the past 24 hours, data from Coin­Glass shows. This was the largest amount of liq­ui­dat­ed longs in a day since August 17, when bit­coin (BTC) plunged from above $28,000 to about $25,000 in the space of a few minutes.