Bitcoin’s (BTC) has experienced a sell-off of 9.3% in the last 24 hours, dropping to a level of $75,500, which has resulted in significant losses in the cryptocurrency market.

Bitcoin has undergone a sell-off of 9.3% in the last 24 hours, dropping from a level of $83,381 to $74,500. This situation has led to significant liquidations in the market.
According to Coinglass data, at the time of writing, the total value of liquidated positions over the last 24 hours amounted to $1.36 billion. It is noted that more than 343 thousand cryptocurrency investors were affected by this situation.
Liquidated positions amounted to 371 million dollars in Bitcoin and 306 million dollars in Ether (ETH). When analyzing data across all cryptocurrencies, 876 million dollars in long (long) positions were liquidated over 24 hours, while the total value of liquidated positions on the short (short) side was 141 million dollars.
Bitcoin has shown a decrease of 5.8% in the last 24 hours, while this decline has been much sharper for altcoins. Ethereum has decreased by 14.5% during the same period, Solana (SOL) by 18.8%, and Dogecoin (DOGE) by 14.6%. The total value of the cryptocurrency market has dropped to $1.53 trillion.
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