$1.25 Billion In Liquidations As Bitcoin Price Briefly Dips Below $21k

The cryptocurrency market downturn continues with no indicators of slowing down. Bitcoin dipped beneath $21K, leaving round $1.24 billion in complete liquidations over the previous 24 hours.

  • The massacre within the cryptocurrency market continues, and it doesn’t appear to indicate any indicators of slowing down.
  • On the time of this writing, BTC is buying and selling at round $21,900, down 15.6% on the day.
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Supply: Binance by way of TradingView

 

  • This has left a whopping $1.24 billion in liquidations over the previous 24 hours throughout all the market, in keeping with data from Coinglass.
  • The majority of it’s coming from Bitcoin, clocking in at over $600 million. Ethereum is a detailed second with barely beneath $480 million on the time of this writing.
  • Ethereum additionally fell beneath $1.1K briefly however managed to get well to the place it’s at present buying and selling at barely beneath $1.2k.
  • The biggest single liquidation order came about on BitMEX – it was an XBTUSD perpetual contract with a face worth of over $4.4 million.
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