Crypto liquidations cross $500 million in past day as bitcoin's price falls to $96,000
Quick Take Long and short liquidations comprised roughly $380 million and $120 million respectively.
Crypto liquidations crossed half a billion dollars over the past 24 hours as bitcoin pulls away from $100,000.
Total cryptocurrency liquidations reached $500.45 million across 197,551 traders, according to the crypto liquidations tracker Coinglass as of 2:30 p.m. ET (19:30 UTC) on Nov. 24. Long and short liquidations comprised roughly $380 million and $120 million respectively.
Bitcoin comprised $70.4 million of the total crypto liquidations in the past day, followed by ethereum and dogecoin at $43.4 million and $35.3 million.
Earlier this week, bitcoin reached $99,320 on Nov. 22, threatening to break $100,000 for the first time ever. The token's price steadily rose after Republican Donald Trump won the United States presidential election on Nov. 6, 2024, when its price was about $75,000.
Bitcoin maintains a $96,256 price point as of 2:30 p.m. ET (19:30 UTC) on Nov. 24 after falling 1.4% in the past day, according to The Block's Bitcoin Price Page . Bitcoin brought in $48.9 billion in trading volume in the 24 hours, and maintains a market capitalization of $1.9 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
