Crypto liquidations soar to 2021 highs as Bitcoin drops below $100,000 – BitRss

• The total liquidations across the crypto market surpassed $875 million after Bitcoin fell below $100,000.
• Bitcoin long liquidations also surged to a record high of $416 million.

The cryptocurrency market recorded a massive surge in liquidations in the last 24 hours, which wiped out over $875 million in leveraged long and short positions, marking the highest volume of liquidations since 2021. 

Per Coinglass data, long liquidations totaled $702 million while short liquidations came in at $173 million. These liquidations affected more than 157,000 traders.