CentBit.Online – Crypto & Blockchain Expert, Bangladesh
In a sharp market correction, over $160 million worth of crypto long positions were liquidated in the past 60 minutes, according to data from Coinglass.
The sudden sell-off impacted major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as traders faced swift price reversals following a volatile session.
Bitcoin briefly dipped below $114,000, while Ethereum dropped toward $4,500, triggering a wave of forced liquidations across major exchanges.
Analysts attribute the sudden move to heightened market leverage and short-term profit-taking after a week of rapid price gains.
Despite the pullback, overall market sentiment remains cautiously bullish, with long-term holders continuing to accumulate during dips.
