According to data from bybt.com, $7.6 billion in crypto long positions have been liquidated over the previous hour as the price of the King of Crypto has dropped to $52,000.
The price of Bitcoin began to slowly fall on early Saturday, but the biggest drop began around 3:00 UTC on Sunday.
As a result, the price for Bitcoin has dropped by over 10% over the past hour, reaching $52,000 after it fell from $58,000. During this time, close to $4.3 billion in Bitcoin long positions were liquidated.
Currently, Bitcoin’s price seems to start to recover, as it grew back to close to $55,000.
In total, it seems that $9.2 billion in crypto long position have been liquidated in the previous 24 hours.
Source: Theblockcrypto.com