LIQUIDATION
The cryptocurrency market experienced significant liquidations today, with over $518.64 million wiped out in just 24 hours, affecting more than 159,539 traders globally. Leveraged long positions took the biggest hit, with over $389.30 million liquidated.
*Key Statistics:*
- *Total Liquidations*: $518.64 million
- *Number of Traders Affected*: 159,539
- *Long Positions Liquidated*: $389.30 million
- *Bitcoin Liquidations*: $33.28 million
*Market Trends:*
The market is experiencing high volatility, with Bitcoin facing significant resistance at the $100,000 mark. If Bitcoin fails to surpass this threshold, it could lead to a correction, potentially declining to $85,600.
*Other Notable Liquidations:*
- *Long Liquidations*: $175.8 million
- *Short Liquidations*: $37 million
- *Top Liquidated Assets*:
$ETH ,
$BTC ,
$SOL ,
XRP,
.DOGE
The cryptocurrency market's volatility is influenced by various factors, including quantum computing fears and major selloffs from entities like the Royal Government of Bhutan. Despite the market turmoil, institutional investors remain active in accumulating Bitcoin.¹ ²
