In the past 24 hours, the Bitcoin market has experienced significant liquidations totaling approximately $464 million as the cryptocurrency's value dipped below $58,000, marking a nearly 12% drop. This downturn saw Bitcoin's lowest price just under $57,000, while Ethereum dropped to around $2,800, with other cryptocurrencies also following the downward trend. The liquidations included $100 million in Bitcoin, with short side liquidations reaching $12 billion as Bitcoin momentarily spiked to $71,800. Long side liquidations were comparatively lower, under $1 billion as Bitcoin dropped to $58,000. Overall, long positions worth around $314 million were also liquidated during this period.
JUST IN: $450 million liquidated from the #Bitcoin market in the past 24 hours 👀 https://t.co/TkQhbnaFNY
⚡️ About $464M of Positions Liquidated As #Bitcoin Dips Below $58K Over the past 24 hours, #BTC has fell by nearly 12%, followed by other cryptocurrencies. The lowest $BTC price was just under $57K, while $ETH reached $2.8K at some point. Amid the decline, nearly $464M of… https://t.co/Zza6flhLuE
Bitcoin long liquidations spike above $145 million as market heads south https://t.co/O60grDXA5l
$431m has been #liquidated from the market in the past 24 hours https://t.co/wqBZPP7UFn
Over the past 24 hours, long positions worth ~$314 million were liquidated. https://t.co/uBQ0VD9qtJ https://t.co/BUXuLm12ri
#Bitcoin short side liquidations now at $12b with a move to $71800 - on the long side less than $1b to $58000. https://t.co/hHZGBrlBah
$100M liquidated. #BTC https://t.co/KfT6LVNNMB