Why Crypto Market Has Dropped Today? Crypto Liquidations, Bitcoin News Today, Jerome Powell Speech

In just 20 minutes, over $1 billion in Bitcoin longs were liquidated following a sharp price drop, highlighting the risks of low liquidity during Sunday night trading. This sudden washout sent shockwaves through the crypto market, but history suggests a rebound is likely as the US market opens, with buyers stepping in to capitalize on the dip. Traders are reminded to stay cautious during these volatile, low-volume periods. Bitcoin dipped below $115K, triggering over $100 million in long liquidations in minutes. Most of the liquidations clustered between $113K–$114K, highlighting how leverage concentrates around key price levels. These zones often act like magnets, fueling volatility. Despite the sudden washout, long-term Bitcoin holders remain unfazed, viewing the drop as temporary noise in the bigger market picture. Traders are reminded to manage risk, as leverage can amplify swings dramatically.