Crypto market hit by $105M long liquidations in 30 minutes

Crypto markets absorbed $105 million in long liquidations within a 30-minute window, underscoring a sharp pickup in volatility across derivatives venues. The cascade hit leveraged bullish positions, forcing traders out of longs and amplifying spot price swings during the session. The event matters because it signals thinning confidence among leveraged buyers and raises the risk of further forced selling if prices stay under pressure. Traders will watch funding rates, open interest and liquidation heatmaps for signs of whether deleveraging has run its course or continues into the next session.