On Tuesday, Bitcoin’s price slipped to $92,500, causing a rapid liquidation of long positions totaling $83 million within just one hour, as reported by CoinGlass.
This downturn halted a brief upward trend that started over the weekend. Bitcoin had been climbing steadily and reached a peak above $94,000 on Monday. By Tuesday morning, it was trading near $93,500 before an abrupt decline surprised many long investors.
The 2% drop during the day made Bitcoin the most volatile among major cryptocurrencies in this correction phase. Meanwhile, Ether showed minor fluctuations falling from $3,300 to about $3,250; Solana also experienced a slight decrease from $140 down to approximately $138.