Bitcoin’s outlook deteriorated over the weekend, with Monday volatility triggering a $750 million crypto liquidation spike.
A closer look at the data shows that over 77% of the liquidations came from long positions, according to CoinGlass data, a trend that has been dominant over the past week due to top crypto’s sustained slide lower.
Bitcoin’s drop from last week’s local top of $95,400 saw it drop to lows of $86,126 over the weekend, per CoinGecko data, before selling pressure pushed it to its current price of around as $87,700, down 1% on the day.
Derivatives participation has remained t