Bitcoin Drops $1,000 in Minutes: 166 Million Long Positions Exploded!

While Bitcoin (BTC) was hovering around $30,000, it suddenly dropped $1,000 within minutes.

With the decline that started at 11.00 TSI, Bitcoin could not protect the 30,000 dollar band within minutes. $1,000 down. Bitcoin in this process 28,900 falling to the dollar level, within 1 hour in the futures market 166 million dollar liquidation. If the liquidations of 98% partial long (long) over positions.

3.57% experienced in BitcoinFor now, it is unknown what is behind this decrease of .

Positions in liquidation $35 million from Ethereum (ETH) And $26 million Made from Bitcoin.

Biggest purge in the past hour Binance happened on it. Total on Binance $60.05 million long position, $1.34 million short The position was liquidated. Cryptocurrency exchange in second place in terms of liquidation size OKX whereas Long $59.56 million And $1.03 million Short hosted the liquidation of the position.

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