$BTC tumbles as whale sells 3,500 BTC, $310 million liquidated in 24 hours.

$310 million liquidated

Bitcoin’s decline has led to substantial losses for crypto traders speculating on market movements.

According to Coinglass data, over 110,000 traders lost about $310 million in the last 24 hours, most of which stemmed from long traders.

Bitcoin traders bore the brunt, incurring $94 million in losses—$82 million from long trades and $12 million from short trades. Ethereum was not far behind, with liquidations reaching around $72 million.