Bitcoin Price Drop Triggers $500 Million Liquidations across Major Exchanges

Bitcoin’s recent price drop triggered substantial liquidations worth over $500 million in long positions held by traders across major exchanges. Binance, Hyperliquid, and Bybit were among those impacted, as the rapid decline caused these users to face significant losses. This event highlights the inherent risks associated with leveraging volatile market conditions. The ripple effect of this price drop can be seen in the decrease of Bitcoin, Ethereum, and several altcoins as their prices dropped. }