Ethereum

Bitcoin

The total amount of liquidations in the crypto market over the past 24 hours exceeded $500 million. The majority of forcibly closed positions were in BTC and ETH. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img loading="lazy" decoding="async" width="437" height="437" src="https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17.webp" alt="" class="wp-image-7383" srcset="https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17.webp 437w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-300x300.webp 300w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-150x150.webp 150w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-192x192.webp 192w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-384x384.webp 384w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-110x110.webp 110w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-220x220.webp 220w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-271x271.webp 271w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-365x365.webp 365w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-48x48.webp 48w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-96x96.webp 96w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-311x311.webp 311w, https://blocksays.com/wp-content/uploads/2024/04/romanmak_Bitcoin_fall_on_the_chart_88c34ab0-89b7-4bba-886d-4bc7e5635a17-313x313.webp 313w" sizes="(max-width: 437px) 100vw, 437px">
 </figure>
</div> 
BTC traders collectively lost around $138 million. Market participants who opened positions in Ethereum (ETH) also incurred significant losses – the sharp drop in the second-largest cryptocurrency’s price cost them $92.6 million. 
Among the leaders in liquidations among altcoins were SOL, DOGE, and other well-known coins. 
Over 90% of the liquidations were distributed among OKX, Bybit, Binance, and Huobi. The largest order was executed by OKX – the exchange closed an ETHUSD position worth $7.48 million. 
What’s happening with the BTC price Early this morning, the price of Bitcoin briefly dropped below the $66,000 mark. One of the possible reasons for the fall was a noticeable net outflow from spot ETFs, amounting to $85 million. The speed of the correction was driven by large liquidations on exchanges with a high retail share, such as Binance, resulting in funding rates dropping almost to zero. 
At the time of writing, the price of BTC has slightly recovered – the asset is trading around $67,000.

The fall of BTC led to liquidations of $500 million.

Blocksays

Другие статьи, опубликованные 2 апр. 2024 г.

Ripple’s Significant XRP Movement Sends Ripples Through Crypto Market

Bearish Analyst il Capo Shares His Expected Scenario for Bitcoin, AVAX and Altcoins in General

Bitcoin Price Crash To $66k: Right Time To Buy The Dip?

6 Best Altcoins to Invest in Right Now April 2 – Core, Bittensor, Maker

AI News: US and UK Inks Formal Partnership On Artificial Intelligence Safety

Bitcoin’s Price Drop Raises Concerns

Join our free newsletter for daily crypto updates!