BEARISH 📉 : Crypto Liquidations Exceed $1.45 Billion in 24 Hours

The cryptocurrency market has experienced a significant downturn, with liquidations surpassing $1.45 billion in the past 24 hours. This marks the fourth-worst day in the last three months for 24-hour liquidation size.

Over 311,000 traders had their positions liquidated, with the largest single loss being $11.36 million from the BTC/USDT pair on Aster.
Long positions were predominantly affected, amounting to $1.24 billion out of the total $1.45 billion.
Bitcoin leads liquidations at $738.83 million, followed by Ethereum at $337.45 million and Solana at $77.28 million.
Most liquidations occurred in the last 12 hours, nearing $1 billion, with $646 million in the past 4 hours and $85 million in the last hour.
This event is the fourth-largest daily liquidation in the past 90 days, trailing events from January 29, November 20, and January 30.

BTC, ETH, and SOL have lost key price support levels, entering bear market territory. BTC trades at $66,650, ETH at $1,960, and SOL at $83.

Michael Burry warns that Bitcoin could mirror its previous collapse pattern, potentially dropping below $50,000. Analyst PlanB outlines four potential bear market scenarios.