Over $500 Million Wiped Out From The Market As Bitcoin Price Fluctuates Heavily
Over $500 million was liquidated from the crypto market in the last 24 hours due to significant fluctuations in Bitcoin's price. Long traders faced the largest losses, with over $366 million in long positions liquidated, while short positions accounted for over $129 million in liquidations. Bitcoin's price dropped from approximately $98,000 to $95,500 before recovering back above $98,000. This volatility has been prevalent since Bitcoin approached the $100,000 mark on November 23. Despite these fluctuations, some investors, including Bitcoin miner Marathon Digital, have been accumulating BTC, purchasing 5,771 BTC for $572 million. Analysts predict that Bitcoin could reach $100,000 soon, with potential peaks between June and September 2025, as long-term holders exhibit signs of greed. Currently, Bitcoin is trading around $98,300.
