$4.5 billion in crypto liquidations in a week amid Bitcoin drop to $91,000
Surging volatility exposes the dangers of leverage and highlights increased risk management challenges for digital asset traders this week.
Crypto markets faced heavy turbulence this week as total liquidations surged to $4.5 billion, triggered by Bitcoin’s sharp drop to $91,000. The sell-off led to widespread forced closures of leveraged positions across major digital asset platforms.
More than $1 billion in leveraged positions were liquidated in the past 24 hours alone, with $300 million wiped out in just the last four hours. The sudden spike suggests a large player may have been liquidated, contributing to Bitcoin’s plunge on Monday afternoon.
Bitcoin (BTC) price
Full chart and statsLoading chart…
- Price
- $75,834
- 24h change
- +0.0%
- Market cap
- $1.5T
- 24h volume
- $10.7B
- Circulating supply
- 20.1M BTC
CoinGecko data as of Nov 7, 11:11 PM EST.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
