Bitcoin’s sharp drop below $104,000 triggered a wave of forced liquidations across crypto markets, wiping out more than $1.3 billion in leveraged futures positions within 24 hours.
According to market data, long traders absorbed nearly 90% of total losses, totaling $1.17 billion, as BTC failed to reclaim the $113K resistance and momentum turned sharply bearish.
Major altcoins followed the decline — Ethereum (ETH) fell to around $3,650, and Solana (SOL) dropped near $157, adding over $300 million to total liquidations. The overall crypto market cap slid about 4% to $3.6 trillion.
Analysts note that such large-scale liquidations often mark capitulation zones, where excessive leverage is flushed from the system. However, with open interest still hovering near $30B, traders remain cautious ahead of this week’s Federal Reserve rate decision.
Bottom line:
Leverage has been shaken, not cleared. Expect continued volatility as the market searches for a new equilibrium.
— MarketGuardian ⚔️ #Liquidated #CryptoNews #Binance #Bitcoin #Ethereum #Altcoins #CryptoMarket #FuturesTrading #MarginTrading #LeverageTrading #CryptoAlerts #MarketCrash #CryptoLiquidation #CryptoUpdate
