$300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K

The recent liquidation of $300 million in crypto long positions coincides with Bitcoin's price decline to $97,000, reflecting a broader trend of volatility in the cryptocurrency market. Just hours earlier, over $120 million in long positions were also liquidated as Bitcoin dipped below $103,000, highlighting the risks associated with leveraged trading. Additionally, Bitcoin's price has recently approached six-month lows, indicating a potential investor fatigue. These events collectively suggest a precarious market environment that could deter future speculative investments.