💥‘Black Monday’ in Bitcoin: Liquidations Exceeded 1.3 Billion Dollars
While the crypto market experienced a major drop on Monday, liquidations exceeded 1.36 billion dollars in the last 24 hours.
Following U.S. President Donald Trump's announcement of new tariffs, a decline was also observed in global stock markets alongside cryptocurrencies.
The drop in Bitcoin price below 75,000 dollars led to an increase in liquidations. The crypto market lost about 13% of its value in the last 24 hours.
According to CoinGlass data, futures traders with long positions took a significant hit. While 1.2 billion dollars worth of long positions were liquidated, losses from Bitcoin alone exceeded 392 million dollars.
