Bitcoin's price only needs to drop a few percent to trigger billions in liquidations because many traders use high leverage. Leverage allows traders to control large positions with small deposits, making them vulnerable to forced closures if the market moves against them. When many traders are liquidated at similar price levels, it creates a cascade effect that amplifies the price decline. This dynamic has caused over $1 billion in liquidations during past Bitcoin selloffs, highlighting the risks of high leverage in volatile markets.
The story about Bitcoin's price drop and liquidations is provided here with Pluang's market data for context. For readers following major cryptocurrencies, 24 out of 50 rose and 24 fell today. Notable movers include MANA at Rp1.832 with a -4.23% change, AXS at Rp23.283 with a -4.09% change, and KSM at Rp91.026 with a -3.27% change, as of Oct 05, 2026 22:32 WIB.
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