$500M in crypto futures liquidated as Bitcoin dips below $34K: What happens n...
The cryptocurrency market saw over $500 million worth of positions liquidated in the last 24 hours as Bitcoin slid below $34,000. Roughly $500 million worth of cryptocurrency futures positions were liquidated in the past 24 hours. The mass liquidation of positions happened before the price of Bitcoin (BTC) dipped below $34,000 on Jan. 17.Bitcoin total liquidations. Source: Bybt.comWhy were so many positions liquidated?Overnight, the price of Bitcoin rose by 6.7% from $35,500 to nearly $38,000. Meanwhile, the futures funding rate sharply increased, indicating an overleveraged market.Across....
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Data shows the crypto futures market has observed almost $350 million liquidations during the past 24 hours as Bitcoin briefly slipped below $20k. Around $348 Million In Crypto Futures Got Liquidated In The Last Day In case anyone doesn’t know what a “liquidation” is, it’s ideal to first get a basic understanding of how margin […]
Data shows around $117 million in Bitcoin futures has liquidated within the last 24 hours as the price of the crypto slumps down to $40k. Bitcoin Futures Market Observes $117 Million In Liquidations Over The Past Day Today, the price of BTC has fallen down to $40k, and accompanying this move has been around $117 […]
Around $500 million worth of positions were liquidated within hours as the Tesla news caused Bitcoin to spike over $46,000. Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewMass Bitcoin liquidationAs the Bitcoin price initially rallied to $45,000, it caused $500....
Nearly $1 billion worth of Bitcoin futures contracts have been wiped out once again. Nearly $1 billion worth of Bitcoin (BTC) futures contracts were liquidated on Jan. 13, a day after the big shakeout. The continuous loop of liquidations is causing extreme volatility and large price swings in the cryptocurrency market.Total Bitcoin liquidations. Source: Bybt.comWhat are futures liquidations, and why are so many Bitcoin positions being liquidated?In the Bitcoin futures market, traders borrow additional capital to bet against or for Bitcoin. The technical term for this is leverage, and when....
The latest Bitcoin correction triggered a record $500 million worth of liquidations in 60 minutes on major exchanges. The Bitcoin markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.Glassnode’s founders, Jan & Yann, emphasized the new record hourly Bitcoin for liquidations, noting that more than half open futures contracts prior to the margin calls were leveraged by at least 20 times.In the last hour alone, nearly $500M in #Bitcoin Longs got liquidated, this is a historic....