Bitcoin Wipes Out Long Positions

🟥On the night of August 30, 2025, Bitcoin plunged to $107,400, triggering a wave of liquidations across the market. The price later recovered above $108,000, but volatility remained high. The drop affected nearly all major cryptocurrencies, with Bitcoin losing 2.64% of its market cap.

🟥In just 24 hours, more than 142,000 positions worth over $575 million were liquidated, including $462 million in longs. The heaviest losses were recorded in Bitcoin and Ethereum. Still, analysts highlight that JPMorgan’s fair value estimate for BTC remains at $126,000, suggesting room for recovery.