Source: CryptoNewsNet
Original Title: $665,000,000 in Bitcoin and Crypto Liquidated As BTC Gives Leveraged Traders Whiplash
Original Link: https://cryptonews.net/news/bitcoin/32315909/
Crypto traders using leverage to bet on Bitcoin’s price trajectory are getting whiplash.
In the last 24 hours, $655 million in leveraged crypto bets have been liquidated, according to the market data tracker CoinGlass.
The liquidations coincided with rapid market movements triggered by geopolitical developments and policy announcements.
The day began with Bitcoin rising from $88,224 to $90,295, a move that liquidated more than $75 million in shorts.
BTC then abruptly reversed back down to $87,304, liquidating around $145 million in longs.
Following policy announcements, BTC recovered to as high as $90,203, liquidating over $200 million in shorts.
In total, BTC witnessed $96 million in long liquidations and $135 million short liquidations in the last 24 hours.
Ethereum is in second, with $126 million in long liquidations and $120 million short liquidations in the last day.
Bitcoin is priced at $89,479 at time of publishing, with ETH at $2,988.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
8
Repost
Share
Comment
0/400
BearMarketGardener
· 1h ago
Leverage traders got cut again. Time to learn a lesson...
View OriginalReply0
AirdropHarvester
· 6h ago
Leverage traders got hammered again, serves them right... Always thinking about one-shot getting rich, but ended up getting shot in the market.
View OriginalReply0
metaverse_hermit
· 17h ago
Leverage traders got liquidated again. This correction is really fierce; 650 million is gone.
View OriginalReply0
MysteryBoxOpener
· 01-22 01:55
Leverage players have been taught a lesson again, and this time it hurts especially bad.
View OriginalReply0
DaoTherapy
· 01-22 01:51
Leverage traders are getting beaten again. How many people will be liquidated in this round of liquidation...
View OriginalReply0
OfflineValidator
· 01-22 01:48
The leverage trader got liquidated again. Did they learn their lesson this time?
View OriginalReply0
StablecoinArbitrageur
· 01-22 01:47
ngl, $665m liquidations in 24hrs? that's just darwinism playing out on-chain. classic case of ignoring position sizing fundamentals... anyway, watching the correlation between forced liquidations and order book depth right now is *chef's kiss* arbitrage material
Reply0
LiquidationWatcher
· 01-22 01:35
Over 600 million liquidated... This is true leveraged trading.
$655 Million in Bitcoin and Crypto Liquidated As BTC Gives Leveraged Traders Whiplash
Source: CryptoNewsNet Original Title: $665,000,000 in Bitcoin and Crypto Liquidated As BTC Gives Leveraged Traders Whiplash Original Link: https://cryptonews.net/news/bitcoin/32315909/ Crypto traders using leverage to bet on Bitcoin’s price trajectory are getting whiplash.
In the last 24 hours, $655 million in leveraged crypto bets have been liquidated, according to the market data tracker CoinGlass.
The liquidations coincided with rapid market movements triggered by geopolitical developments and policy announcements.
The day began with Bitcoin rising from $88,224 to $90,295, a move that liquidated more than $75 million in shorts.
BTC then abruptly reversed back down to $87,304, liquidating around $145 million in longs.
Following policy announcements, BTC recovered to as high as $90,203, liquidating over $200 million in shorts.
In total, BTC witnessed $96 million in long liquidations and $135 million short liquidations in the last 24 hours.
Ethereum is in second, with $126 million in long liquidations and $120 million short liquidations in the last day.
Bitcoin is priced at $89,479 at time of publishing, with ETH at $2,988.