Liquidated $ 200 million in one hour, while Bitcoin (BTC) crashes to $ 27,000

Liquidated $ 200 million in one hour, while Bitcoin (BTC) crashes to $ 27,000

It seems that the bulls celebrated too early because the cryptocurrency market has turned to the worse. After he rose to $ 30,000 this morning, the price made a sudden turning turn and crashed to $ 27,000 in less than an hour.

  • As a result, almost $ 200 million in the last hour alone in liquidated lit positions remained.
  • More than 90 % of liquidations in the past hour were long positions that made up more than $ 157 million. Binance and OKX make up the majority of the volume.
  • In fact, 97 % of the liquidations were levered long positions.

btcusd_2023-26_23-09-46 Tradingview

  • At the time of writing this article, BTC is traded at around $ 27,500, but the volatility is extreme.
  • The rest of the market was also beaten, with ETH fell to $ 1800

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