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Bitcoin Experiences $83 Million in Crypto Liquidations as Price Drops to $92,500
Source: CryptoNewsNet Original Title: Bitcoin experiences $83 million in crypto liquidations as price drops to $92,500 Original Link: https://cryptonews.net/news/bitcoin/32235613/ Bitcoin dropped to $92,500 midday Tuesday, triggering $83 million in long liquidations across the crypto market within a 60-minute span.
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.