<div id="readability-page-1">A slide in Bitcoin price on Monday triggered over $584 million in liquidations of bullish bets, primarily affecting long positions. Bitcoin and ether led the wipeout, posting $174.3 million and $189 million in liquidations, respectively, according to a CoinDesk report that cites heatmap data. The report pointed out 181,893 traders were liquidated, ...</div>

HSDT

<p>Bitcoin's price drop led to over $584 million in liquidations, mainly affecting long positions. CoinDesk reports 181,893 traders were liquidated, with longs comprising 87% of losses. The largest liquidation was an $11.58 million BTCUSD position on Binance. The wipeout resembles a liquidity sweep, triggering cascading stop-losses. Altcoins like Solana, XRP, and Dogecoin also faced liquidations. Crypto-related stocks fell as skepticism about infrastructure spending grew.</p>

Bitcoin bullish bets over $550 million wiped out - report