Crypto sector faces rapid liquidations as macro data triggers sell-off

Crypto markets witnessed heavy long liquidations after PCE data swings, with Bitcoin nearing $89,000 and traders reducing leverage to manage heightened volatility.

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9 days ago

Crypto sector faces rapid liquidations as macro data triggers sell-off

Crypto sector faces rapid liquidations as macro data triggers sell-off
The crypto market saw $100 million in long positions wiped out within 30 minutes following PCE-driven volatility, contributing to total session liquidations of $414 million as Bitcoin briefly touched $89,000. The move echoed earlier leverage resets, with traders citing tighter macro cross-currents influencing short-term sentiment. Market participants continued rebalancing exposure across major tokens after the sudden derivatives shakeout.
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  • crypto
  • liquidations