Bitcoin Slides Below $93,000 as $680 Million Longs Are Liquidated

2026-01-19 03:26:02

Source: CryptoNewsNet Original Title: Bitcoin slides below $93,000 as $680 million longs are liquidated Original Link: Bitcoin is in the red as Asia begins its trading week, falling about 3% to trade near $92,500 as a derivatives-driven rally lost momentum.

The move underscores the market’s fragile footing despite signs that late-2025 sell pressure is beginning to ease.

The world’s largest cryptocurrency is retreating from a recent push toward the mid-$90,000s. CoinGlass data showed more than $680 million in crypto positions were liquidated over the past 24 hours, with roughly $600 million coming from long positions, a sign that bullish positioning had become crowded following the rally.

Alts were hit hard during Asia’s Monday morning trading, with SOL down 6.7%, SUI down 10%, and ZCash down 10%. Elsewhere, gold continued its climb, up 1.7% to $4600 amid a new 10% tariff on Denmark and seven other European countries until “a deal is reached for the complete and total purchase of Greenland.”

BTC-3.72%

SOL-5.1%

SUI-3.59%

ZEC-3.22%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.