12/1/2025
184 words
1 min read
Bitcoin Drop Ends Up Liquidating $500M Bullish Bets in Early Asia Trading
Overview
In recent early Asian trading, Bitcoin experienced a notable drop that led to significant liquidations of bullish positions. This decline resulted in the liquidation of approximately $500 million in bullish bets across various trading platforms.
What Happened
The drop in Bitcoin’s value prompted substantial liquidations across major cryptocurrency exchanges. Binance, Hyperliquid, and Bybit were particularly affected, each experiencing over $160 million in liquidations. The majority of these liquidations were long positions, which accounted for nearly 90% of the total liquidated amount. This indicates a strong bearish sentiment prevailing in the market during this trading session.
Impact on the crypto market
- A significant amount of bullish positions were liquidated, indicating a shift in market sentiment.
- Major exchanges like Binance, Hyperliquid, and Bybit experienced considerable financial impacts due to the liquidations.
- The high percentage of long liquidations suggests traders were caught off guard by the price drop.
- The event highlights the volatility in the cryptocurrency market, which can lead to rapid changes in trader positions.
- Market participants may reassess their strategies in response to such significant liquidations.
Updated: 12/1/2025, 5:31:18 AM
