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Bitcoin fell Friday to its lowest price in nearly month, prompting a flurry of crypto long position liquidations that topped more than $100 million in an hour, and over $150 million over the past day.
The price of Bitcoin currently sits at $65,240, per data from CoinGecko, down over 2% on the day and about 8% over the past week. Bitcoin last fell this low on May 16, nearly a month ago.
Liquidations are spiking as a result, with over $105 million worth over the last hour per data from CoinGlass, including $103 million worth of long positions. That recent surge has pushed the 24-hour total of liquidations to $180 million, including about $157 million in longs.
Editor’s note: This story is breaking and will be updated with additional details.
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Source: https://decrypt.co/235488/bitcoin-price-plunges-150-million-longs-get-rekt
