{"id":19876,"date":"2024-12-05T20:45:07","date_gmt":"2024-12-06T01:45:07","guid":{"rendered":"https:\/\/sikaoer.com\/1-10-billion-crypto-liquidation-in-bitcoin-crash-report\/"},"modified":"2024-12-05T20:45:07","modified_gmt":"2024-12-06T01:45:07","slug":"1-10-billion-crypto-liquidation-in-bitcoin-crash-report","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/1-10-billion-crypto-liquidation-in-bitcoin-crash-report\/","title":{"rendered":"$1.10 Billion Crypto Liquidation in Bitcoin Crash: Report"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A sudden drop in Bitcoin (BTC), the world\u2019s largest asset has resulted in the liquidation of a significant $1.10 billion worth of long and short positions in the past 24 hours. Of this massive liquidation, BTC alone accounted for $565 million, with $417 million coming from long positions and $145 million from short positions, as reported by on-chain analytics firms Coinglass.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><figcaption class=\"wp-element-caption\">Source: Coinglass<\/figcaption><\/figure>\n<\/div>\n<h2 class=\"wp-block-heading\" id=\"h-top-crypto-liquidation\"><strong>Top Crypto Liquidation<\/strong><\/h2>\n<p>Meanwhile, XRP, Solana, and Ethereum experienced liquidations of over $54.11 million, $30.15 million, and $108 million, respectively. The single largest liquidation order occurred on OKX in the BTCUSDT pair, valued at $18.94 million. Data shows that bulls were the hardest hit in this recent crash.<\/p>\n<p>Additionally, for the first time since BTC crossed the $100,000 mark, it has failed to sustain this level, resulting in the liquidation of 208,389 traders\u2019 positions. During this market dip, BTC\u2019s price declined by 5.47% in just minutes, dropping from $98,338 to $92,957. However, since the drop, the price has rebounded as of press time.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-current-price-momentum-nbsp\"><strong>Bitcoin Current Price Momentum\u00a0<\/strong><\/h2>\n<p>At press time, Bitcoin is trading near $96,935 and has recorded a price decline of over 2.10% in the past 24 hours. Meanwhile, this crash has attracted notable participation, as evidenced by the trading volume. According to CoinMarketCap, BTC\u2019s trading volume surged by 98% during the same period.<\/p>\n<p>However, this price drop has created fear among traders, as there is no clear reason identified for the decline. This has raised concerns about whether the drop will happen again or if the market will now rebound.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinpedia.org\/news\/1-10-billion-crypto-liquidation-in-bitcoin-crash-whats-happening\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A sudden drop in Bitcoin (BTC), the world\u2019s largest asset has resulted in the liquidation of a significant $1.10 billion worth of long and short positions in the past 24 hours. Of this massive liquidation, BTC alone accounted for $565 million, with $417 million coming from long positions and $145 million from short positions, as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-19876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$1.10 Billion Crypto Liquidation in Bitcoin Crash: Report - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/1-10-billion-crypto-liquidation-in-bitcoin-crash-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1.10 Billion Crypto Liquidation in Bitcoin Crash: Report\" \/>\n<meta property=\"og:description\" content=\"A sudden drop in Bitcoin (BTC), the world\u2019s largest asset has resulted in the liquidation of a significant $1.10 billion worth of long and short positions in the past 24 hours. 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