LIQUIDATIONS REACHED $1 BILLION — #BTC FALLING DOWN
According to liquidation data, positions worth $964.84 million have been liquidated in the last 24 hours, of which $877.17 million were long positions. BTC accounted for $243.29 million of the total amount, followed by ETH with $206.96 million.
The sharp reduction in leverage highlights growing concerns among market participants. Many are reacting to macroeconomic risks and the unexpected consequences of U.S. domestic policy on the digital asset markets.
At the time of publication, BTC is trading just above the important psychological support level of $100,000. A sharp drop below this mark would trigger a new wave of selling and liquidations, especially considering the fact that long positions with high leverage dominate the market.
If long position liquidations continue in the same manner, BTC may test the range of $95,000–$98,000 before finding significant support.
The conflict between Musk and Trump underscores the growing interconnection of crypto markets with global politics and traditional finance. Until tensions ease or markets find a new catalyst, the short-term outlook for BTC remains unstable.