Bitcoin sinks to $115,000 after hitting its newest record, as macro concerns spark liquidation wave
Investors’ profit-taking triggered a wave of liquidations across the crypto market.
In the past 24 hours, sales from 123,836 traders totaled $530.79 , according to Coin Glass. That figure includes about $124 million in long bitcoin liquidations and $184 million in long ether liquidations. This happens when traders are forced to sell their assets at market price to settle their debts, pushing prices lower.$BTC
