Mass Carnage: Bitcoin Bulls Face $750m in Liquidations During Latest Selloff
It has been a rough past 12 hours for Bitcoin, as the benchmark cryptocurrency is currently in the process of erasing weeks of gains as it plunges lower The crypto came within a stone’s throw of its all-time highs before the selling pressure began mounting From here, its price rejected and began its descent down to where it is currently trading at One reason behind this dip is concerns regarding a new wave of crypto […]
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The carnage in the crypto market has continued today, leading to nearly $300 million in liquidations in the futures sector. Crypto Futures Market Observes Almost $300M In Liquidations In case anyone is unaware what a “liquidation” is, it’s best to get a brief look at the workings of derivatives trading. When an investor opens a […]
Data shows a large number of long liquidations have occurred in the cryptocurrency market as Bitcoin and other assets have plunged. Crypto Liquidations Have Surpassed $712 Million Over The Past Day According to data from CoinGlass, chaos has occurred on the derivatives market following the volatility Bitcoin and the company have gone through during the last 24 hours. Related Reading: Bitcoin MVRV Ratio Signals Price Hot, But Not In Danger Zone Yet Below is a table that shows how the liquidations have looked for the cryptocurrency sector within this window. As is visible, almost $712....
The cryptocurrency derivatives market has been hit hard by the latest bearish continuation in Bitcoin and others as mass liquidations have hit exchanges. Crypto Liquidations Have Neared $1 Billion Over The Last 24 Hours According to data from CoinGlass, a massive amount of liquidations have occurred in the cryptocurrency derivatives market during the past day. A “liquidation” occurs when an open contract exceeds a certain loss threshold defined by the exchange and undergoes forceful closure. Related Reading: Chainlink (LINK) Triangle Setup Points To $100, Says Analyst Due to....
In a turbulent 24-hour trading session, the cryptocurrency market saw nearly $200 million wiped out in liquidations as Bitcoin price dropped below $61,000. This sharp decline triggered a wave of liquidations, affecting many investors and traders. Market Meltdown And Crypto Liquidation The total market valuation has plunged by approximately 2.7% to around $2.34 trillion, underscoring heightened volatility and market stress. Related Reading: Bitcoin Price Drops Below $60,000: Key Reason Explained Bitcoin, leading the downturn, shed 1.3% over the week, with a steep 2.8% drop recorded in the....
Bitcoin price is currently trading at slightly above $26,000 per coin, but is still reeling after last week’s 10% single day selloff. The situation looks dire for crypto bulls who were hoping for a more significant recovery to begin after such prolonged sideways. However, the bullish market structure remains unbroken. Let’s take a closer look at what exactly this means and why the 2023 uptrend is still intact. Recapping Recent BTCUSD Volatility After a solid start to 2023 – certainly a year that’s been kinder to the king of cryptocurrency than 2022 – BTCUSD has bears....