Bitcoin Crashes To $112,000 As ETH, XRP, Dogecoin Get Hit By Over $1 Billion In Long Liquidations

Cryptocurrencies are down significantly on Monday morning, with long liquidations crossing $1 billion.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $112,556.04
Ethereum (CRYPTO: ETH) $4,169.75
Solana (CRYPTO: SOL) $221.29
XRP (CRYPTO: XRP) $2.80
Dogecoin (CRYPTO: DOGE) $0.2387
Shiba Inu (CRYPTO: SHIB) $0.00001208

Notable Statistics:

  • Coinglass data shows 387,032 traders were liquidated in the past 24 hours for $1.67 billion. Long liquidations accounted for $1.59 billion.
  • SoSoValue data shows net inflows of $222.6 million from spot Bitcoin ETFs on Friday. Spot Ethereum ET’Fs saw net inflows of $47.8 million.
  • Crypto trader Ash Crypto noted that this is the biggest liquidation event since March, with 95% coming from long positions.

Trader Notes: Crypto chart analyst Ali Martinez noted Bitcoin dipping to $112,000, with traders …

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