Bitcoin's price is in free fall as a cascade of liquidations hammer leveraged traders. BTC has dropped from $74,300 to a low of $66,800 in the last 24 hours, triggering a whopping $1.42 billion in liquidations, according to CoinGlass. Traders going long are suffering the most, recording $1.24 billion in liquidations.
$1,420,000,000 in Bitcoin and Crypto Liquidated As BTC Plummets To $66,800
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CoinGlass reports $1.42 billion liquidated in crypto derivatives over the past 24 hours as Bitcoin falls from $74,300 to $66,800; $1.24 billion of the liquidations were long positions.
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