Dwelling » Bitcoin » Bitcoin pulls relief to $120K, sparking $120M in liquidations
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Oct. 9, 2025
The basic cryptocurrency faced heavy long-facet liquidations, with BTC, ETH, and SOL main on-chain wipeouts.
Key Takeaways
- Bitcoin’s brief dip to $120K introduced about over $120 million in liquidations, led by Bitcoin, Ethereum, and Solana positions.
- Analysts characterize the pullback as a wholesome correction earlier than seemingly continuation of the uptrend.
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Bitcoin pulled relief to the $120,000 diploma lately, triggering over $120 million in liquidations across basic crypto property inner the past hour.
Roughly $100 million came from long positions and $20 million from shorts, with Bitcoin main the liquidations at $67 million. Ethereum and Solana followed with $19 million and $14 million respectively.
Analysts explore basically the most recent declines as a significant correction to chill off speculative excess and reset leverage cases after Bitcoin’s hastily inch-up.
