Bitcoin Slides Below $82,000 as Crypto Liquidations Surge Past $770 Million
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18 Articles
$771M Liquidated as Bitcoin Breaks $82K Ahead of CPI
Bitcoin fell below $82,000 on Monday as CoinGlass liquidation data cited by The Block showed $771 million of leveraged crypto positions closed over 24 hours. Longs accounted for $685.6 million, or 88.9% of the total. The move tests the warning FinanceFeeds made two days earlier that leverage was building again around Bitcoin, even if it remained below the concentration seen before last year’s $19 billion wipe-out. Monday’s Drop Was a Long Flush …
The collapse in South Korea and the sell-off originating from Asia have shaken the crypto market. Leveraged trades worth $774 million were wiped out, and the total value dropped to $2.81 trillion. Bitcoin, having hit its lowest point, is struggling to hold above the $83,000 mark.
In the last few hours, the price of Bitcoin is furtively re-entered below the level of 82,000 dollars, resulting in the liquidation of more than 600 million dollars. A decrease that comes with massive deposits of BTC on trades. Can one see there a possible consequence of the Ledger affair? The Bitcoin article passes under the 82,000 dollars while many BTC arrive on the trades has appeared first on Cryptoast.
With Bitcoin falling below $82,000, liquidations in the crypto market reached $771 million in 24 hours. The majority of forcibly closed positions were bullish. The acceleration of sell-offs in the cryptocurrency market led to widespread liquidations in positions held by investors using high leverage. Significant losses were seen across all major crypto assets as Bitcoin fell below the $82,000 level on Monday evening. Bitcoin during the day […] S…
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