Bitcoin Price Crashes Below $70K as $797M in Liquidations Hit Market
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Bitcoin's drop below $68,000 triggered a chain reaction of position closures in the derivatives market. Almost all of the forced selling came from investors who had bet on the price to rise, with a single position resulting in losses of tens of millions of dollars.
Total liquidations have reached more than $1 billion in some 24-hour periods. The post Bitcoin and Ethereum price crash; $600 million of long positions liquidated appeared first on Digiato.
coin-turk.com
BITRSS🚨 As Bitcoin fell below $70,000, liquidations reached $1.65 billion in 24 hours. 📉 The loss in $BTC since November 11th is approximately 9%, with the lowest level recorded at $67,449. 📊 CoinGlass data showed that 187,171 investors closed their positions, and long trades accounted for the majority of liquidations. Read More: Bitcoin fell below $70,000, liquidations reached $1.65 billion The article "Bitcoin fell below $70,000, liquidations rea…
Bitcoin Plunges Below $69,000 as $1.6B Crypto Liquidation Wave Hits Bitcoin News ETHNews
Nvidia’s leadership crisis and a widespread Microsoft outage coincide with renewed uncertainty across risk assets. Leveraged long positions account for more than 90% of cryptocurrency liquidations. Ethereum and major altcoins suffer substantial losses as derivatives trading accelerates. Bitcoin fell sharply on November 13 as a wave of leveraged liquidations swept through cryptocurrency markets, coinciding with […]
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