⚠️ MORE THAN 280 MILLION USD WAS LIQUIDATED AS BTC DECREASED FULL THIS MORNING
The crypto market on the morning of December 11 recorded strong fluctuations and corrections, data from CoinGlass showed that more than 280 million USD of derivative orders were liquidated within half an hour because of the recent dump, with billions of USD. The ratio of long orders accounts for nearly 96%.
At around 9:10 AM on December 11, Bitcoin suddenly recorded a large decrease, bringing the price from the $42,600 range to $40,400, erasing what had been achieved in the past week. However, BTC later recovered to $42,000 again.
The altcoin has grown very strongly in recent times, Solana even "free-falling" from 72 USD to 64 USD. However, unlike BTC and ETH, SOL price has rebounded strongly and has now almost regained all of what it lost when approaching the 70 USD area.
More than 280 million USD of derivative orders were liquidated within half an hour. In particular, unlike usual when only BTC and ETH account for the majority of liquidated assets, this time the chart has a clear appearance of SOL and other altcoins.
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