Crypto Carnage: Nearly $200 Million Liquidated as Bitcoin Slips Below $61,000
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....
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While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time high (ATH), and OHM is down over 95% since it’s own ATH. Furthermore, the Wonderland project is surrounded by controversy as it’s been assumed that one of the founding members was a former Quadrigacx employee. Rebase Token Economy Drops From $3.2 Billion to $1.74 Billion The total....
Data shows $240 million in crypto futures has been liquidated over the past day as Bitcoin has slipped below the $39k level. Crypto Futures Market Observes Almost $240 Million In Liquidations Over Last 24 Hours Today, the prices of Bitcoin and other coins have suffered another hit, and the result has been a large amount […]
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 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 […]
The crypto bloodbath has left thousands of traders in a bad way. A rapid decrease in price has seen more than 240,000 traders rekt in the span of 24 hours. As the downtrend continues, more investors are added to the long line of losers, most of which have been long traders. As it stands, there are now almost a billion dollars that have been liquidated in the market so far and this number continues to climb with bitcoin declining below $24,000. Over $940 Million In Crypto Liquidated Over the last 24 hours, the liquidations that have rocked the crypto market have been nothing short of....