• Long positions constituted about 83% of the total liquidations.
• An analyst reaffirmed that the market generally becomes “significantly volatile” in the lead up to Bitcoin’s halving.

Bitcoin [BTC] sharply corrected during early Asia hours on Tuesday, plunging 5.7% to as low as $66,000.

The sudden retracement triggered liquidations worth $200 million from the entire crypto market in the last four hours, as per AMBCrypto’s analysis of Coinglass’ data.

Long positions constituted about 83% of the total liquidations.