Bitcoin’s price recently fell below $70,000, sparking significant market liquidations totaling approximately $289 million. This came after Bitcoin surged to $72,900, close to its all-time high of $73,700, before declining to $69,200. Over the past 24 hours, 96,574 traders were affected, with long positions hit hardest, accounting for $259.21 million of the liquidations, while short positions saw $30.72 million.
The largest single liquidation order, valued at $11.26 million, occurred in Binance’s BTCUSDT pair. Bitcoin itself led in liquidation volume with $89.72 million, followed by Ethereum with $45.21 million. Binance recorded the highest exchange liquidations at $11.56 million, predominantly from long positions (89.12%), followed by Bybit and OKX at $5.33 million and $5.19 million, respectively.#CryptoAMA #bitcoin☀️ $BTC