Massive $34.08M Bitcoin Long Liquidations Triggered by Ancient Whale Sell-Off on July 15

On July 15, data from Coinglass revealed a significant market event where approximately $89.61 million in liquidations occurred within a single hour. This sharp downturn was primarily driven by the selling activities of large, long-term holders, often referred to as ancient whales. Notably, Bitcoin long positions accounted for a substantial portion of the liquidations, with over $34.08 million being forcibly closed. This episode underscores the volatility inherent in the cryptocurrency markets and highlights the impact that major stakeholders can have on price dynamics and market liquidity.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.