$1.89B liquidated: Why did Bitcoin and ETH price correct sharply overnight?
More than $1.89 billion worth of cryptocurrency futures positions were liquidated over the past 24 hours as Bitcoin and Ether sharply dropped. In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance.BTC/USDT 15-minute price chart (Binance). Source: TradingView.comMost of the liquidations came from Bitcoin and Ether, which accounted for $555 million and $336 million, respectively. But altcoins like XRP, EOS and Litecoin (LTC) also saw large liquidations as the market....
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More than $1 billion in crypto positions was liquidated last night which has led to a plunge in the market. Bitcoin price currently sits at a little above $32k, losing nine percent of its value. While Ethereum’s price currently sits at 2$k. Losing 10 percent of its value overnight. Twitter user Lex Moskovski tweeted a […]
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....
Bitcoin price attempted an upside break above the $19,500 resistance against the US Dollar, but failed. BTC could decline sharply if there is a clear break below the 100 hourly SMA. Bitcoin is currently struggling to clear the key $19,500 resistance level. The price is likely to continue lower below $19,150 and the 100 hourly […]
RubyCoin Price Key Highlights. Rubycoin price rocketed higher and traded above an important resistance of 0.000300BTC. The upside was strong as the price gained by more than 10% Intraday as forecasted. All our buy trades target hit, and it looks like the price might correct a bit lower in the short term. Rubycoin price rallied sharply and traded as high as 0.0003507BTC before starting to correct lower. Upside continuation? The Rubycoin continued to move higher, and climbed sharply during the past couple sessions. The upside was very strong, which resulted in a move closer to 0.000360BTC,....
Bitcoin saw some wild overnight volatility that came about after a flurry of selling activity liquidated long positions and sent its price reeling lower This selloff was quite intense and caused the aggregated market to face some immense selling pressure that is showing no signs of letting up One analyst explained that where the market trends next will undoubtedly depend largely on the derivatives market He notes that funding rates are still quite high and […]