$210M in crypto longs liquidated in 30 minutes as Bitcoin slides toward $81,000

Key points

• Cryptocurrency traders holding long positions faced massive losses as $210 million was liquidated within just 30 minutes.
• The rapid wave of forced selling occurred as Bitcoin experienced a sharp price drop, sliding toward the $81,000 level.
• Such sudden liquidations underscore the elevated risks associated with using high leverage during periods of heightened crypto market volatility.

Summarized automatically by Kryptokite from reporting by Crypto Briefing. Read the original sources for full detail.