Summary:
Today was looking to be a good day for Bitcoin and the entire cryptocurrency market, but the bears had a mind of their own. Earlier today, we reported that Bitcoin’s price painted a new all-time high above K, while the remaining cryptocurrencies were also painting notable increases. Fast forward a few hours later, though, and we’re now looking at love 0 million worth of liquidated positions as BTC takes a nosedive and dips below K. Chart by TradingViewEven though the price recovered to about K, at the time of this writing, BTC is still down about 4% on the daily. The rest of the market also tumbled as the total capitalization lost a little less than 0 in the process. Data from Bybt shows that 81% of the liquidations came from long positions, and the majority
Topics:
George Georgiev considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt, social
This could be interesting, too:
Today was looking to be a good day for Bitcoin and the entire cryptocurrency market, but the bears had a mind of their own. Earlier today, we reported that Bitcoin’s price painted a new all-time high above K, while the remaining cryptocurrencies were also painting notable increases. Fast forward a few hours later, though, and we’re now looking at love 0 million worth of liquidated positions as BTC takes a nosedive and dips below K. Chart by TradingViewEven though the price recovered to about K, at the time of this writing, BTC is still down about 4% on the daily. The rest of the market also tumbled as the total capitalization lost a little less than 0 in the process. Data from Bybt shows that 81% of the liquidations came from long positions, and the majority
Topics:
George Georgiev considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt, social
This could be interesting, too:
Wayne Jones writes dYdX CEO Declares 35% Workforce Reduction
Chayanika Deka writes Former FTX’s Head of Engineering Nishad Singh Dodges Prison
Dimitar Dzhondzhorov writes Bitcoin (BTC) Price to Hit New ATH as Long as It Stays Above This Resistance Zone (Analyst)
Mandy Williams writes Aave Sees 0M Weekly Increase in cbBTC Inflows, But There’s a Catch
Today was looking to be a good day for Bitcoin and the entire cryptocurrency market, but the bears had a mind of their own.
- Earlier today, we reported that Bitcoin’s price painted a new all-time high above $69K, while the remaining cryptocurrencies were also painting notable increases.
- Fast forward a few hours later, though, and we’re now looking at love $700 million worth of liquidated positions as BTC takes a nosedive and dips below $63K.
- Even though the price recovered to about $65K, at the time of this writing, BTC is still down about 4% on the daily.
- The rest of the market also tumbled as the total capitalization lost a little less than $200 in the process.
- Data from Bybt shows that 81% of the liquidations came from long positions, and the majority of them happened on Binance.
- Meanwhile, the largest single liquidation order happened on Bitmex, and it had a face value of $65.66 million.
- Interestingly enough, it was a Cardano position, and it accounted for roughly 65% of the total ADA liquidations during the past 4 hours.