Bitcoin plunges back to $39,253, liquidations reach $60 million in 4 hours

In the past 24h, Bitcoin has dropped 7.13% to a price of $39,253 with a trading volume of $32 billion.

According to CoinGlass, the long orders liquidation volume reached $100 million, and most exchanges reported that approximately 90% of liquidated positions were long Bitcoin orders. In the last four hours, $60 million in orders were liquidated.