Data from global cryptocurrency pricing platform CoinMarketCap revealed Bitcoin plummeted over 4% on July 15, breaching the $116,000 threshold. By 23:15 that day, the digital asset traded at $116,188.42, reflecting a 3.66% decline across the preceding 24-hour period. This sharp downturn triggered liquidations for 135,800 traders worldwide, totaling $536 million in forced position closures—equivalent to approximately 1.345 billion yuan. Notably, long positions accounted for over $400 million of these liquidations, indicating significant losses among bullish investors during the sell-off.
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