BLOOMBERG LAW · 2026-11-13 19:29 UTC

Bitcoin's Billion-Dollar Wipeouts Are Becoming a Familiar Sight

Large Bitcoin liquidation events, where more than $500 million of positions are wiped out in a single 24-hour session, are becoming recurring in the market. Bitcoin liquidations have topped $500 million on 13 separate occasions over the past year, including three times when they exceeded $1 billion. Sharp price swings repeatedly force leveraged traders out of their positions.

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