The statement that over $200 million worth of cryptocurrency long positions were liquidated within a one-hour period is well supported by sources that provide both market context and direct data indicators. CoinDesk’s materials offer high-authority backing regarding the occurrence of large-scale liquidation events during market stress, although they do not cite the exact $200 million figure. CoinNess references PeckShield, which is a recognized on-chain analytics provider frequently cited for accurate liquidation tracking, lending substantial credibility to the quantitative claim. Additionally, 3CQS Crypto Screener, a real-time data platform, specifically mentions liquidation amounts exceeding $200 million, providing direct and relevant numeric confirmation. The remaining sources (such as CoinDesk archives and general market commentary from Cointelegraph and MEXC) supply supportive context without contradiction. No source directly disputes the event, and the sources align on the nature of the liquidation episode, although most do not provide granular timing validation beyond the one-hour window. Given the convergence of authority and relevance from multiple moderately to highly credible primary and secondary reports, the probability of the statement being true is high, with minimal likelihood of false reporting.