Bitcoin Falls 2% to $116,000, Triggering Major Long Liquidations

  • TL;DR Bitcoin Plummets 2%, Liquidating $155M: BTC dropped sharply, triggering over $155 million in leveraged position liquidations within 24 hours. Long traders bore the brunt, revealing overconfidence as a failed push past $119K sparked algorithmic selling and panic. Ethereum Gains, Altcoins Extremely Volatile: Defying BTC's drop, ETH rose 1.25%, buoyed by ETF inflows and positive sentiment.