Bitcoin took a sharp dive on Friday, plummeting from close to $90,000 down to $86,628 in under 60 minutes. The rapid move triggered a cascade of liquidations—roughly $70 million in long positions got wiped out during the selloff. This kind of flash move is exactly why risk management matters in volatile markets. Whether it's a technical rejection, macro headwinds, or just profit-taking after a strong rally, the speed of the decline caught many traders off guard. Market participants watching the charts saw support levels tested quickly, and positions that were underwater had little time to react.
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RugResistant
· 13h ago
Haha, here comes the liquidation drama again. A 70 million long position vanished in an instant. That's why I've always been teaching everyone to set stop loss.
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RetailTherapist
· 12-26 22:51
Here it comes again, this is the consequence of leverage—$3000 lost in one hour.
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WalletWhisperer
· 12-26 22:46
$70m in longs liquidated in 60 mins? that's not volatility, that's behavioral cascade territory. whales were probably accumulating on the dip anyway while retail got shaken out.
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PessimisticLayer
· 12-26 22:36
A $3,000 drop in 60 minutes, another day of leverage liquidation... 70 million gone instantly.
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GasWaster69
· 12-26 22:27
Kill 7,000 dollars in 60 minutes, that's why I don't dare to go all-in.
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DefiOldTrickster
· 12-26 22:26
Over $3,000 in 60 minutes, this is why I say you can't go naked short. Setting the liquidation price too tight can really turn you into a pauper in a second.
Bitcoin took a sharp dive on Friday, plummeting from close to $90,000 down to $86,628 in under 60 minutes. The rapid move triggered a cascade of liquidations—roughly $70 million in long positions got wiped out during the selloff. This kind of flash move is exactly why risk management matters in volatile markets. Whether it's a technical rejection, macro headwinds, or just profit-taking after a strong rally, the speed of the decline caught many traders off guard. Market participants watching the charts saw support levels tested quickly, and positions that were underwater had little time to react.