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Bitcoin falls below $93,000… $525 million in long positions liquidated in an hour
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Summary
- It reported that large-scale forced liquidations occurred in the derivatives market as Bitcoin fell below the $93,000 level.
- It said that about $525 million in long positions were liquidated in the crypto market over the past 60 minutes.
- It interpreted the move as a structural response to a short-term technical breakdown, with leveraged positions being unwound quickly.
As Bitcoin fell below the $93,000 level, a wave of large-scale forced liquidations hit the derivatives market.
According to Watcher.Guru on the 19th (local time), roughly $525 million worth of long (buy) positions were liquidated across the crypto market over the past 60 minutes.
As the price of Bitcoin (BTC) dropped below $93,000—widely regarded as a key support level—cascading liquidations appear to have been triggered, particularly among high-leverage positions.
Market participants largely view the move not as a shift in fundamentals but as a structural response in the derivatives market to a short-term technical breakdown. With prices having traded in a tight range recently, an expansion in volatility is seen as having quickly flushed out leveraged positions.
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