Bitcoin’s Price Dumps by More Than $3K in Minutes: Over $100M Longs Liquidated

Bitcoin’s price took a sudden dive, and lost over $3,000 in the past few minutes.

The crash took place following a relatively calm daily trading session where BTC looked as if it were to continue consolidating.

Source: CoinGecko

Data from the popular analytics resource Coinglass reveals that the total number of long liquidations within the last hour alone is around $100 million.

The total number of liquidated positions for the last 24 hours is around $141 million, the majority of which are longs.

Source: Coinglass

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