Bitcoin Drops to $95K Amid $495M in Crypto Liquidations

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Bitcoin plunged to the $95,000 level after failing to touch $100,000 on Friday, currently trading around $96,653. Notably, $495 million worth of crypto has been liquidated over the past 24 hours.  Long positions account for the vast majority of these liquidations ($382.7 million). Overall, 197,083 traders were liquidated over the past 24 hours, with the largest liquidation taking place on Binance ($13.24 million). The latest liquidations come amid a significant market correction. XRP plunged by more than 10% earlier this Sunday before paring some losses.