$357M in Crypto Longs Wiped Out as Bitcoin Slips Below $93K



A sudden wave of market stress just slammed the crypto space. In less than an hour, more than $357 million worth of leveraged long positions across Bitcoin and the broader crypto market were forcefully liquidated after Bitcoin dropped below the critical $93,000 level.

As prices slid, margin calls kicked in fast. Exchanges automatically closed bullish positions to cover losses, triggering a chain reaction of forced selling that rattled traders and amplified the downside move. What started as a modest dip quickly turned into a liquidation cascade.

With Bitcoin breaking under key support, traders positioned for upside were hit the hardest. The speed and scale of the liquidations highlight just how dangerous high leverage can become when momentum flips without warning.

Moments like this often mark the beginning of heightened volatility the market is on edge, and sharp moves in either direction could follow. Stay alert
$BTC $BNB $SOL
BTC-2,2%
BNB-1,92%
SOL-6,02%
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