Just now! 67,400 people were liquidated!
The tension in the Middle East has escalated again, causing investors to sell risky assets such as Bitcoin. So far, more than 67,400 people have been liquidated in the cryptocurrency market within 24 hours, with Bitcoin falling by nearly 3%, Ethereum falling by more than 4%, and Solana falling by more than 8%.
The news that the US government may dispose of seized Bitcoins and that some creditors of the Mt. Gox exchange (which has collapsed) may sell the recovered tokens has put pressure on Bitcoin prices. In addition, the virtual currency market has also been one of the hot topics in the US presidential election recently.
Against the backdrop of tense international situation, risky assets have suffered a wave of selling. In the past 24 hours, Bitcoin once fell from $66,700 per coin to less than $64,000 per coin. As of press time, the price of Bitcoin was $64,400 per coin, a drop of nearly 3% in 24 hours. Other cryptocurrencies also fell sharply, with Solana falling by more than 8%, Dogecoin falling by nearly 5%, Ethereum and Cardano falling by more than 4%, and BNB falling by nearly 3%.
As prices fell, the number of people who were liquidated in the cryptocurrency market also increased significantly. According to coinglass data, in the past 24 hours, the total number of liquidations reached 67,400, with a total liquidation amount of US$230 million, of which 90% were long orders.
Recently, the price of cryptocurrencies has fluctuated violently. On the evening of July 29, Bitcoin once rose to US$71,000 per coin, breaking through the peak price of US$70,000 per coin after two months. At that time, the main factor driving Bitcoin higher was that US presidential candidate Trump publicly voiced support for cryptocurrencies.
