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Bearish
🚨🐋 Liquidations exceeded $1.7 billion after Bitcoin fell below $95,000 😫
The cryptocurrency market experienced a turbulent day following a sharp drop in Bitcoin below $95,000, which triggered massive liquidations.
In total, liquidations amounted to $1.75 billion in the last 24 hours, affecting more than 582,486 traders. This wave of total liquidations once again highlights the volatility of the market and the consequences of high leverage on long positions.
According to data provided by Coinglass, liquidations totaled $1.75 billion over a 24-hour period. This collapse primarily impacted long positions, with losses of $1.58 billion, while short positions accumulated losses of $171.2 million.
☝️Summary of liquidations for the most relevant cryptocurrencies:
✅️Bitcoin (BTC): $189.1 million in liquidations.
✅️Ethereum (ETH): $245.2 million in liquidations.
The drop in Bitcoin to $94,900 caused a domino effect that left thousands of investors with positions forcibly closed due to insufficient margins.
💡Comparison with historical liquidations.
This event is not the first to trigger a large number of total liquidations.
On December 5, liquidations of $1.1 billion were recorded, the largest amount since December 2021. At that time, a "leverage purge" eliminated thousands of excessively optimistic leveraged positions.
These episodes demonstrate that the crypto market remains highly susceptible to sharp movements and speculation with high leverage.
#bearstime #bullrun2024📈📈 #BullorBear #BTC☀️
$SOL
$BNB
$XRP
The cryptocurrency market experienced a turbulent day following a sharp drop in Bitcoin below $95,000, which triggered massive liquidations.
In total, liquidations amounted to $1.75 billion in the last 24 hours, affecting more than 582,486 traders. This wave of total liquidations once again highlights the volatility of the market and the consequences of high leverage on long positions.
According to data provided by Coinglass, liquidations totaled $1.75 billion over a 24-hour period. This collapse primarily impacted long positions, with losses of $1.58 billion, while short positions accumulated losses of $171.2 million.
☝️Summary of liquidations for the most relevant cryptocurrencies:
✅️Bitcoin (BTC): $189.1 million in liquidations.
✅️Ethereum (ETH): $245.2 million in liquidations.
The drop in Bitcoin to $94,900 caused a domino effect that left thousands of investors with positions forcibly closed due to insufficient margins.
💡Comparison with historical liquidations.
This event is not the first to trigger a large number of total liquidations.
On December 5, liquidations of $1.1 billion were recorded, the largest amount since December 2021. At that time, a "leverage purge" eliminated thousands of excessively optimistic leveraged positions.
These episodes demonstrate that the crypto market remains highly susceptible to sharp movements and speculation with high leverage.
#bearstime #bullrun2024📈📈 #BullorBear #BTC☀️
$SOL
$BNB
$XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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