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
This could be interesting, too:
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:
Wayne Jones writes Beyond Hacks: Vitalik Buterin Calls for Wallet Solutions to Address Crypto Loss
Chayanika Deka writes Internal Conflict at Thorchain as North Korean Hackers Leverage Network for Crypto Laundering
Chayanika Deka writes Consensys and SEC Reach Agreement to Dismiss MetaMask Securities Case
Chayanika Deka writes Meme Coins Do Not Qualify as Securities: SEC Confirms
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.