Bitcoin Slips Below $115K on $961M Liquidations: Could BTC Dip to $110K Next?
Bitcoin slipped below the $115,000 level on Tuesday as the crypto market faced nearly $961 million in leveraged liquidations. The sudden sell-off followed an extended rally to new all-time highs above $124,000 last week, raising fears of a deeper correction toward the $110,000 support zone. Related Reading: Strategy Just Flipped Its Bitcoin Playbook—Here’s Why It […]
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Data shows the crypto futures market has observed around $150 million in liquidations in the past day as the price of Bitcoin drops below $22k. $150 Million Gets Liquidated In The Crypto Futures Market During Last 24 Hours In case anyone isn’t aware of what “liquidations” are, it’s best to first take a brief look […]
The crypto market recently saw a downturn that caused $120 billion to be taken off the total market cap in the space of a day. This obviously had caused panic across the market, triggering sell-offs from investors who were trying to save themselves from more losses. However, more than 110k traders would record hundreds of millions of dollars in losses as the downtrend had caused a cascading liquidation event. Traders Lose $430 Million The crypto market has recorded one of the largest liquidation events of 2022. On Thursday, the price of bitcoin had fallen below $37,000 hot to the news of....
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 had been recording massive liquidations since the digital asset had dropped from $40,000. The majority had been dominated by long liquidations as hundreds of thousands of traders saw their positions liquidated. However, since the price of the cryptocurrency has begun to settle around the $30,000 level, the liquidations have now also started settling. Leading […]
Crypto market liquidations have not slowed down since bitcoin’s crash had dragged the rest of the market down with it. Now that the digital asset has crashed below $23,000, the liquidations have quickly ramped up. By Monday, liquidations had quickly crossed $500 million. Before the end of the day, the number had barreled above $1 […]