$642M in longs wiped out as Bitcoin drops to lowest price since July

Crypto liquidations reached $806.44 million in the past 24 hours, wiping out leveraged positions at a scale not seen in weeks. The liquidation cascade followed a steep drawdown in prices: Bitcoin fell from an opening level of $114,163 to a close near $111,931, with intraday extremes stretching from $114,373 down to $110,802. Ethereum mirrored this The post $642M in longs wiped out as Bitcoin drops to lowest price since July appeared first on CryptoSlate.