Crypto Market Faces Over $1B in Liquidations: Here Are the Reasons

TL;DR Bitcoin’s price drop below $100,000 triggered a wave of liquidations, causing a loss of more than 6%. Market volatility and leveraged positions contributed to over $1 billion in liquidations within 24 hours. External economic factors, including U.S. jobs data and anticipated regulatory changes, added to the market’s uncertainty. The crypto market has experienced a ... source: https://crypto-economy.com/crypto-market-faces-over-1b-in-liquidations-here-are-the-reasons/