Bitcoin Long Liquidations Skyrocket Past $15 Million in One Hour

Bitcoin long liquidations reached $15.87 million in one hour on September 25th, as the cryptocurrency's price fell 1.33% to $83,330. This significant downturn led to a total of $17.54 million in Bitcoin liquidations across Binance, Bybit, and OKX during the same period.

Short liquidations accounted for only $1.67 million, indicating that most market participants were caught off guard by the price drop. The figures represent a notable increase in market volatility, which has been a recurring theme in recent months.