$BTC

The market witnesses liquidations of $260 million with a decline in Bitcoin momentum

Liquidation pressures

The cryptocurrency market recorded liquidations worth $260 million over 24 hours, after Bitcoin failed to maintain its level above $104,000.

Details of the liquidation

Most of the liquidations were executed in long positions, with the largest transaction valued at $4.9 million on the OKX platform in BTC.

Wide impact

The prices of many alternative currencies declined, amid concerns that this could be the beginning of a larger correction wave following recent increases.