Bitcoin plunges below $92K as liquidations top $490M

MEVictim · 2026-01-07T18:57:14+00:00

Bitcoin fell below $92,000, triggering $490 million in liquidations, primarily from long positions. Ethereum, Solana, and XRP also saw significant declines, contributing to a 1.5% drop in the overall crypto market.

MEVictim

2026-01-07 18:57:14

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Source: CryptoNewsNet Original Title: Bitcoin plunges below $92K as liquidations top $490M Original Link: Bitcoin fell below $92,000 on Wednesday morning, triggering over $490 million in liquidations in the past 24 hours.

The drop follows a brief rally on Monday that saw BTC hit a weekly high near $95,000 before retracing on Tuesday and accelerating losses into Wednesday.

Long positions accounted for the bulk of the liquidations, totaling $374 million, while shorts contributed another $83 million. Bitcoin and Ethereum led the liquidation charts, with other majors also taking a hit.

Ethereum dropped from a weekly high near $3,300 to around $3,140. Solana fell from $143 to $136, and XRP registered one of the sharpest declines among large-cap tokens, sliding from $2.41 to $2.20.

Overall, the crypto market is down 1.5% over the past 24 hours, with most top assets trading in the red.

BTC-0,43%

ETH-0,91%

SOL-2,46%

XRP-1,87%

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