Bitcoin’s price fell below $69,000 on Nov. 3, triggering nearly $350 million in market liquidations as the U.S. presidential election draws closer. This marked the highest trading activity since Oct. 25, when Bitcoin struggled to hold above $70,000. Data shows that liquidations on Nov. 3 totaled $349.78 million. Long positions
The crypto market is in a state of flux, marked by significant liquidations and fluctuating investor sentiment. On October 23, 2024, total liquidations reached $261 million, predominantly affecting long positions as traders anticipated a continuation of Bitcoin’s bullish trend. This liquidation surge ranks as the second-largest for October, following the
On the last day, when the price of Bitcoin rose, crypto derivatives traders who had bet on a decline in the market were liquidated for almost $100 million. Following a range-bound weekend, Bitcoin reached $66,000 today, gaining 5.73% on the previous day. Bitcoin’s price returned to levels not seen since
Terraform Labs has received the green light from a U.S. bankruptcy court to begin winding down its operations following the resolution of a prolonged legal case with the U.S. Securities and Exchange Commission (SEC), according to reports from September 19. The U.S. Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan,
Jump Trading, a prominent crypto trading firm, has made headlines again by cashing out $116.7 million worth of Ethereum (ETH) just 11 hours ago. This move follows a significant sell-off that began on July 24, during which the firm withdrew $611.78 million USDC from Binance and deposited $558.2 million USDC
According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been
The global crypto market has been going through an extended bearish phase over the past few weeks. Over the last 24 hours, crypto traders liquidated nearly $151.5 million from the market. Notably, Ethereum (ETH) liquidations exceeded Bitcoin’s over the day. According to Coinglass data, Ethereum market recorded liquidations worth $49.78
The crypto community amidst its expectancy for bull runs has received shock waves this past week. In an additional remark, the crypto market recorded a $110 million liquidation in under an hour, during the Asian morning hours of July 5. With such high liquidation rates, the market has dipped into
Bankrupt cryptocurrency exchange FTX has asked a US court to let creditors vote on the best liquidation plan, and the judge has granted their request. Despite earlier objections stating a reduction in asset payments, creditors of the collapsed exchange will vote on a liquidation plan. A liquidation plan put out
The wider market is seeing sell-offs, with Dogecoin (DOGE) futures recently experiencing $60 million in long trades liquidated. Likewise, the Bonk price dropped 19% in one week. Meanwhile, BlockDAG (BDAG) is progressing quickly. The Keynote 1 launch at Tokyo’s Shibuya Crossing and the X1 mobile mining app have greatly increased
