Bitcoin experiences $83 million in crypto liquidations as price drops to $92,500
The pullback ended BTC’s multi-day rally, marking a 2% drop and catching traders offside after the asset hovered near $94K earlier this week.
Key Takeaways
- Bitcoin fell to $92,500 on Tuesday, sparking $83 million in liquidations of long positions within one hour.
- BTC had risen steadily since the weekend, topping $94,000 on Monday before reversing midday Tuesday.
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Bitcoin dropped to $92,500 midday Tuesday, triggering $83 million in long liquidations across the crypto market within a 60-minute span, according to CoinGlass data.
The move ended a short-lived rally that began over the weekend, where Bitcoin climbed steadily and peaked above $94,000 on Monday. By Tuesday morning, BTC hovered around $93,500, before a sudden drop caught long traders offside.
The decline marked a 2% intraday move, making Bitcoin the largest mover among major assets during the pullback. Ether remained relatively stable, dipping from $3,300 to $3,250, while Solana dropped modestly from $140 to $138.
