$300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K

**Crypto Market Sees $300 Million Liquidated Amid Sudden Selloff**

Crypto markets experienced a sharp wave of liquidations today, with approximately $300 million in leveraged long positions wiped out in the last 60 minutes. This sudden selloff was triggered as Bitcoin’s price quickly pulled back from near $99,000 to $97,000, sparking widespread selling pressure across digital assets.

**Key Developments:**

– **Long Position Liquidations:** Leveraged long positions—bets on rising prices—became highly vulnerable during the rapid downturn. Forced closures occurred across major exchanges as traders’ accounts hit liquidation thresholds.
– **Market-Wide Impact:** The selloff was not limited to Bitcoin. Digital asset traders saw widespread forced exits across platforms, as real-time liquidation heatmaps displayed intense activity during the market correction.
– **Technical Levels:** Bitcoin’s drop below key technical support levels amplified the liquidation wave, causing similar events to previous market corrections in 2024.

Over the past 24 hours, more than 235,644 traders have been affected, with total liquidations amounting to $1 billion across the crypto market. Notably, HTX experienced the largest single liquidation, with a BTC-USDT position worth over $44 million.

As extreme volatility continues in the crypto sector, traders are reminded to exercise caution with leveraged positions, especially during rapid price movements and uncertain market conditions.
https://bitcoinethereumnews.com/bitcoin/300m-in-crypto-longs-liquidated-in-the-past-hour-as-bitcoin-falls-to-97k/