$BTC $ETH $XRP

Crypto Market Sees $943M Liquidation as Bitcoin Drops to $90,912

The cryptocurrency market witnessed a massive liquidation of $943.77 million in the past 24 hours, with Bitcoin (BTC) plummeting 5% to $90,912 per coin on Tuesday (February 25).

According to Coinglass data, 315,134 traders holding long positions worth $876.17 million were liquidated. Meanwhile, short positions worth $67.60 million were also liquidated.

Bitcoin was the largest cryptocurrency to be liquidated, with $269.75 million worth of positions being closed. Ethereum (ETH) followed closely, with $199.02 million in liquidations. Other assets saw $116.67 million in liquidations.

Bybit was the exchange with the largest liquidations, totaling $418.30 million. Binance and OKX followed, with $220.20 million and $123.62 million in liquidations, respectively.

This massive liquidation event coincided with Strategy's acquisition of 20,356 BTC, worth $1.99 billion, at an average price of $97,514 per BTC on Monday (February 24).

Meanwhile, US President Donald Trump announced that a 25% tariff on Canada and Mexico would continue, and he would make the US rich again. However, it remains to be seen whether these events contributed to the cryptocurrency market's significant decline.