Crypto Bulls Rack up $600M Liquidations as Bitcoin Drops Under $104K

The crypto market experienced a significant shakeup as Bitcoin’s value plummeted below the $104,000 mark, resulting in a staggering $600 million in liquidations. This sudden downturn caught many investors off guard, leading to a frenzy of selling activity across various digital assets.

Shaurya, the Co-Leader of the CoinDesk data and tokens team in Asia, is closely monitoring the situation. With a keen focus on crypto derivatives, DeFi, market microstructure, and protocol analysis, Shaurya’s insights are highly valued in the industry.

Shaurya’s diverse crypto portfolio includes BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, HAMBURGER, SPIRIT, and ORCA. Additionally, Shaurya actively participates in liquidity pools on various platforms such as Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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