More than $1 billion has been liquidated in the cryptocurrency market in the past 24 hours as Bitcoin falls below $105,000.

Key takeaways

Over $1 billion in crypto positions were liquidated in 24 hours due to high market volatility.
Leveraged traders faced forced position closures as Bitcoin and Ethereum prices fell.

More than $1 billion in cryptocurrency positions were liquidated in the past 24 hours as the digital asset market experienced high volatility.

This mass liquidation event reflects continued turmoil in crypto markets, where leveraged traders face forced position closures when prices move against them. Bitcoin and Ethereum, as the largest digital assets in the market, typically experience significant liquidation volumes during such market-wide corrections.

The liquidation wave highlights the volatile nature of cryptocurrency trading, where rapid price movements can trigger cascading forced sales, with overleveraged positions automatically closed by exchanges.