Key Notes
- About 213,938 traders were liquidated within the past 24 hours, with losses running into $624.41 million.
- Ethereum saw the largest liquidation, with its price retracting to $4,002.
- Bitcoin price has also plunged significantly, with ATH ambition still far away. .
The broader cryptocurrency market has experienced a massive liquidation of $624.41 million, with long traders suffering losses. This situation has affected 213,938 traders within the past 24 hours. Notably, the largest single liquidation order was seen on the OKX exchange, valued at $5.57 million.
Bitcoin and Ethereum Prices Fall
The CoinGlass liquidation heatmap shows that more losses were incurred by Ethereum ETH $3 972 24h volatility: 3.4% Market cap: $480.20 B Vol. 24h: $55.61 B investors within the last 24 hours. Precisely, the losses from the second-largest cryptocurrency ran to the tune of $179.66 million. Ethereum long traders’ liquidations were pegged at $107.77 million, while short traders recorded about $79.81 million losses.
Bitcoin BTC $111 767 24h volatility: 2.3% Market cap: $2.23 T Vol. 24h: $79.16 B liquidation followed closely at $125.98 million, with long traders suffering a major loss of $95.79 million and short traders $30.19 million. Solana SOL $197.7 24h volatility: 1.6% Market cap: $108.42 B Vol. 24h: $13.46 B , Dogecoin DOGE $0.20 24h volatility: 3.4% Market cap: $30.29 B Vol. 24h: $4.64 B , XRP XRP $2.45 24h volatility: 5.1% Market cap: $146.97 B Vol. 24h: $7.68 B , and other digital assets were also impacted by the massive liquidation. This comes almost 3 days after the crypto market saw the largest liquidation of more than $19 billion.
Coincidentally, the prices of these digital assets have been fluctuating in the last 24 hours. BTC price is currently at $112,032.80, corresponding with a 2.92% drawdown within the last 24 hours. Also, this flagship cryptocurrency has recorded a 9.52% decline in the last 7 days and 3.4% in 30 days. The coin is obviously struggling to climb back to its all-time high of $126,000 .
Similarly, Ethereum has seen a price dip of 4.34% causing it to retract to $4,002.80 in 24 hours. SOL price is at $196.20, falling significantly from about $232 high.
Bitcoin Hyper Tech项目近况
While top crypto asset prices fall, Bitcoin Hyper (HYPER) keeps making waves. This crypto project currently has a reputation among retail investors in the sector.