Source: Blockchain Knight

On December 5, BTC’s historic rise above $100,000 hit a snag, with the flagship Crypto asset falling back into the five-digit territory, with the entire There are traces of liquidation left in the market.

BTC gave up almost all of its gains within 24 hours and hit an all-time high of $103,679.

It fell to an all-day low of around $90,300 before attempting to recover. As of now, BTC is trading at $95,500 amid wild swings.

In the past 24 hours, approximately $885.61 million in leveraged positions were liquidated, affecting 202,956 traders worldwide.

Of the total liquidation, BTC accounted for US$540 million, followed by ETH, which accounted for US$105.53 million.

Other tokens also experienced significant liquidations, including XRP ($57.07 million), DOGE ($37.54 million), and Solana ($29.28 million).

Liquidations for the remaining Crypto assets totaled $92 million, highlighting the broad impact of BTC price movements.

Bull traders who bet on rising prices bore the brunt, clearing $640.83 million, accounting for 72.4% of the total. Short positions betting on falling prices accounted for $244.78 million.

The largest single liquidation occurred on OKX, where a $18.63 million BTC-USDT swap was forcibly liquidated.

Breaking the data further, $284.43 million was liquidated in just one hour, of which $279.5 million was long.

In the past 12 hours, a total of $552.54 million in liquidations was recorded, including $482.81 million in longs and $69.72 million in shorts.

The four-hour liquidation figure was $428.42 million, reflecting increased volatility during BTC’s decline.