Crypto liquidations have hit $1.4 billion over the past 24 hours, Coinglass data shows.

Leveraged traders with long positions were left reeling after a sharp pullback in Bitcoin’s price—and harsher declines among altcoins.

The Bitcoin price sank to lows of $92,000 on Friday, meaning the world’s biggest cryptocurrency is now 13.4% off all-time highs set just three days ago.

It was an even worse picture among digital assets with smaller market caps.

Ethereum was down 16% over a 24-hour period at one point, with XRP plunging 18% and Dogecoin 26% over the same timeframe.

One trader in the Wealth Group crypto Discord community said they believe—when recent liquidations are combined—”we have probably seen the largest liquidation event in crypto history over the pa

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Author: Connor Sephton

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