Summary:
It appears that the bulls may have celebrated too early, as the cryptocurrency market took a turn for the worse. After having surged to K earlier today, the price took a sudden u-turn and plummeted to K in less than an hour. This left close to 0 million in liquidated leveraged positions in the past hour alone. Upwards of 90% of the liquidations in the past hour were longs, accounting for more than 7 million. Binance and OKX account for the majority of the volume. In fact, 97% of the liquidations on Binance were leveraged long positions. Source: TradingView At the time of this writing, BTC is trading at around ,500, but the volatility is at extremes. The rest of the market also took a beating, with ETH down to 00. You Might Also Like:
Topics:
George Georgiev considers the following as important: AA News, Bitcoin (BTC) Price
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It appears that the bulls may have celebrated too early, as the cryptocurrency market took a turn for the worse. After having surged to K earlier today, the price took a sudden u-turn and plummeted to K in less than an hour. This left close to 0 million in liquidated leveraged positions in the past hour alone. Upwards of 90% of the liquidations in the past hour were longs, accounting for more than 7 million. Binance and OKX account for the majority of the volume. In fact, 97% of the liquidations on Binance were leveraged long positions. Source: TradingView At the time of this writing, BTC is trading at around ,500, but the volatility is at extremes. The rest of the market also took a beating, with ETH down to 00. You Might Also Like:
Topics:
George Georgiev considers the following as important: AA News, Bitcoin (BTC) Price
This could be interesting, too:
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Dimitar Dzhondzhorov writes 4 Reasons Why Bitcoin’s (BTC) Price Might See a Short-Term Correction
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It appears that the bulls may have celebrated too early, as the cryptocurrency market took a turn for the worse. After having surged to $30K earlier today, the price took a sudden u-turn and plummeted to $27K in less than an hour.
- This left close to $200 million in liquidated leveraged positions in the past hour alone.
- Upwards of 90% of the liquidations in the past hour were longs, accounting for more than $157 million. Binance and OKX account for the majority of the volume.
- In fact, 97% of the liquidations on Binance were leveraged long positions.
- At the time of this writing, BTC is trading at around $27,500, but the volatility is at extremes.
- The rest of the market also took a beating, with ETH down to $1800.