Mass Liquidations Hit Crypto as Bitcoin Falls Below $101,000
Bitcoin’s plunge to $100,900 in the last 24 hours triggered almost $1 billion in liquidations across major exchanges, wiping out positions for over 227,000 traders. Longs took the biggest hit, with $889 million erased, and the largest single liquidation was a $10 million order on BitMEX.
This selloff was driven by renewed U.S.-China trade tensions and a public feud between Elon Musk and Donald Trump, causing Bitcoin trading volumes to surge by 36%. With sentiment shaken and Bitcoin just above $100K, traders remain cautious as further volatility looms.
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