😱🩸Bloody Tears Destruction in the crypto market: Approximately 1 billion dollars lost
The bill for the destruction of the cryptocurrency market has been heavy; $ 937 million has been liquidated in the last 24 hours.
#Bitcoin halving is about a week away. Crypto investors focused on the excitement that the bull market will create together with halving. Nowadays, when expectations are bullish, the decline in altcoins was disappointing, especially.
Bitcoin (BTC) has experienced a sharp drop to the $65,000 level in the last 24 hours. The retreat experienced by the leading cryptocurrency reached 8.5 percent. Along with the decline in BTC, destruction took place in altcoins. Many altcoins have fallen to the price level of two months ago.
The bill for downward mobility in the crypto market has been heavy. According to data from Coinglass, $ 937 million has been liquidated in the last 24 hours.
Gloom in the crypto market: the bill became heavy
Bitcoin (BTC) has turned the overall outlook of the cryptocurrency market negative with its fall to the level of $ 65,000. With the market outlook turning negative, traders who took long (bullish) directional trades experienced a great disappointment.
According to Coinglass data, $ 937 million has been liquidated in the last 24 hours. Long-way transactions accounted for $ 823.36 million of this liquidation, while short-way transactions accounted for $112.93 million.
The liquidation heat map was surprising. Bitcoin did not make up the vast majority of the liquidations, which amounted to almost $ 1 billion, this time. According to the map, $ 248.58 million has been deleted from altcoins in the last 24 hours. The amount of liquidation in BTC reached $ 185.60 million.
The biggest destruction of recent times took place the other day. Many traders have reset their balances of thousands of dollars. The crypto money market, where pessimistic clouds are hovering, entered the weekend with a negative outlook.
