Bitcoin briefly rose to $57,000 after the US employment report, but soon fell sharply to $54,400.
The total amount of liquidations reached $150 million in a day.
The price of Bitcoin has fallen from $65,100 to $55,500 over the past week.
Altcoins also suffered: ETH fell to $2,320, SOL below $130, XRP to $0.53.
More than 45,000 highly leveraged traders suffered losses.
