Bitcoin and Crypto Markets See $800M in Liquidations After Sudden Bitcoin Price Plunge

• Bitcoin plunged suddenly on Thursday after hitting a new all-time high, triggering nearly $800M in crypto market liquidations

• Over $200M in Bitcoin long positions were liquidated in the last 24 hours due to the unexpected price drop

• Ethereum also fell 8% on the news, leading to over $100M in ETH long position liquidations

• Solana and Dogecoin saw over $40M and $18M in liquidations, respectively

• The majority of liquidations came from long positions, except Solana which saw almost equal long and short liquidations