Bitcoin Bounces Near $100K, ETH, SOL, XRP Drop 6-10% as Bulls See $1.6B Liquidations
Yahoo Financeยท2025-11-05 02:42
Bitcoin slid to just above $100,000 late Monday before a slight rebound to $101,000, as a wave of forced liquidations and renewed macro jitters erased billions in speculative positions across crypto markets. More than $2 billion in futures contracts were liquidated in the past 24 hours, per CoinGlass, with long traders accounting for nearly 80% of the losses at $1.6 billion. Crypto liquidation heatmap. (CoinGlass) Liquidations occur when traders using borrowed funds are forced to close their positions b ...