Der Bitcoin-Preis fällt unter 87.000 US-Dollar, was dazu führt, dass Long-Positionen in Höhe von 200 Millionen US-Dollar innerhalb einer Stunde liquidiert werden

sounds like institutional traders having a field down taking out retail stops before placing their buy orders when price has crashed.

tldr; Bitcoin’s price fell below $87,000, triggering the liquidation of nearly $200 million in long positions within one hour. This sudden drop caused shockwaves across the crypto market, with Ethereum, BNB, Solana, and XRP experiencing declines of 4% and 3%, respectively. Long liquidations occur when leveraged positions are automatically closed after prices fall below certain thresholds.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Taking out leverage longs is like free money to them at this point lol

If we’re going back to 2021 prices im gonna stick to an index fund.

Nothing fundamentally changed about bitcoin, but overexposure got punished hard. Situations like this are exactly why I’ve moved away from heavy leverage and focused more on spot holdings. Being able to handle daily expenses through tools like Oobit, instead of needing to exit positions during volatility

Im somewhat of a triggered long myself