#CryptoMarket Faces Massive Liquidation: Over $1.1 Billion Wiped Out with in last 24-36 Hours...

In a dramatic turn of events, the #cryptocurrency market has experienced significant turmoil, with over $1.1 billion liquidated in just the past 24-36 hours.

This staggering figure underscores the volatility that has gripped the sector, particularly affecting traders who had taken on very high-leverage positions.

The recent sell-off was triggered by a sharp decline in major crypto currencies, including $BTC and $ETH , which saw substantial price drops.

As a result, many traders were unable to meet margin calls, leading to forced liquidations across various trading platforms.

This data from #CoinGlass reveals that approximately $732 million of this total came from long positions, as traders betting on rising prices were caught off guard by the sudden downturn.

This latest wave of liquidations follows a pattern seen in previous market corrections, where rapid price movements can create cascading effects that exacerbate losses.

Analysts have pointed out that such events highlight the inherent risks associated with leveraged trading in an already volatile market environment.

As the market grapples with this latest crisis, investors are left to navigate the uncertainty and potential for further declines.

The situation serves as a stark reminder of the challenges faced by those participating in the highly speculative world of crypto currency trading. Always #DYOR & it's the #Write2Earn topic too.

Now the price of $BTC is...
Data source is from CoinGlass and details are from CoinMarketCap.

#CryptoMarket Liquidations -

In the past 24 hours,
Total 486,704 traders were liquidated as per #CoinGlass data..

The total liquidations comes in at $1.45 Billion approximately, in which...
Long Positions are Liquidated - $1.35 B
Short Positions are Liquidated - $135 M

The largest single liquidation order happened on #Binance     with pair of $ETH /USDT value $19.69M

Always,
DYOR and use #StopLoss in Crypto.

It's also a #Write2Earn topic.

#CryptoMarket Liquidations -

In the past 24 hours,
Total 69,834 traders were liquidated,
The total liquidations comes in at $185.73 million, while $140 million is only long positions liquidated.

The largest single liquidation order happened on #Binance -
BTCUSDT value of $1.61M

Source- As per #CoinGlass data 🙏

_________________
It's #Write2Earn post ✔️❤️

#CryptoMarket Liquidation News-

As per CoinGlass data,
In the past 24 hours-
29,101 traders were liquidated,
the total liquidations comes in at $79.32 million While in last 1 hr. After US inflation #CPI news arrived, total $13M Long & $12M Short Liquidated in an hour.

The largest single liquidation order happened on Bitmex - XBTUSD value $5.48M

Source-#CoinGlass & #DYOR always.
#BinanceTournament

#Cardano , according to #CoinGlass , has surged 96.99% in the last 24 hours. This massive jump took the volume to the $365.83 million level.
$ADA

In the last 24 hours, the #cryptocurrency market has seen some $185 million worth of liquidations, according to #CoinGlass .
$BTC $ETH $SOL

#CoinMarketCal For Coins Upcoming Events
#CoinTelegraph For News
#CoinGlass For Funding Rate and Short & Longs Info
#Coingecko & #CoinMarketCap For Coins
Information
#Exochart for tracking volume and trader trap

💥Bitcoin Price Slips Below $64,000 as $209 Million in Crypto Longs Liquidated

The price of Bitcoin slipped below $64,000 Thursday morning, with over $209 million in crypto-long positions liquidated as the market slumped overnight. Per data from CoinGecko, Bitcoin is currently trading at around $63,700, down 4% on the day.

As Bitcoin tumbled, the wider crypto market fell in lockstep, with the combined market cap of all cryptocurrencies dropping by 4.7% overnight. Ethereum, the second-biggest cryptocurrency by market cap, has faced a similar fate to Bitcoin, down 5.3% over the past 24 hours to hover around $3,090.

The market slump saw over $209 million in crypto long positions liquidated, according to CoinGlass data, with over $52 million in Bitcoin longs liquidated.

The downturn comes as inflows into #BlackRock 's spot Bitcoin #ETF  dried up, ending a 71-day streak after it broke into the top 10 for the longest ETF daily inflow streaks since 2004.

Across the board, according to #CoinGlass data, Bitcoin spot ETFs outflows hit $120.6 million after three consecutive days of inflows.

This comes as Hong Kong’s spot Bitcoin and Ethereum ETFs were officially approved yesterday, with a trading date set for April 30. Experts believe this move could bring up to $25 billion into the crypto market, should the ETFs be opened up to investors in mainland China.

Over the weekend the Bitcoin halving occurred, an event where Bitcoin miners saw their rewards cut in half. While historically, this event has been bullish over the long-term, it’s also often seen losses over the short-term. Since Bitcoin’s high of $65,230 on the day of the halving, the leading cryptocurrency has dropped 2% as it dipped below $64,000.
Alongside the halving, a new #Bitcoin token standard called #Runes  was released. These tokens, which are essentially meme coins for Bitcoin, took over the network, accounting for over 81% of transactions on Tuesday.

From Decrypt over @Professor Mende - Bonuz Ecosystem Founder to you 👍😀

$BTC