Traders Lose Over $1B in 24 Hours as Longs Get Crushed
Bitcoin’s sharp drop from $112,000 to below $106,000 on Monday triggered one of the largest liquidation waves in weeks, wiping out more than $1.27 billion in leveraged futures positions across crypto markets. Data from CoinGlass shows long traders accounted for nearly 90% of the total liquidations, with more than $1.14 billion in bullish bets erased…