You are currently viewing Bitcoin Plunge Causes $450M in Bullish Crypto Bets Liquidated
Nearly half a billion in bullish crypto bets were liquidated as the market buckled under geopolitical pressure. Data from CoinGlass shows that 86% of traders are bullish going into October.

Futures tied to major tokens saw over $450 million in long liquidations in the past 24 hours as a bitcoin (BTC) plunge led to losses among major tokens, with some falling as much as 8%.

CoinGlass data shows that bitcoin traders betting on higher prices lost over $122 million, while bets on ether (ETH) lost nearly $100 million. Smaller alternative tokens (altcoins) recorded over $85 million in liquidations — the highest such figures since July — with memecoin pepe (PEPE) an unusually high $10 million in liquidations.

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