Warrants for $1.2 billion liquidated in the Crypto market

Warrants for $1.2 billion liquidated in the Crypto market

Bitcoin’s fall over the last 24 hours by more than 10% led to the liquidation of $1.26 billion, according to Coinglass. The largest liquidation was recorded on BitMEX in the trading pair BTC/USD, where a trader closed an order for $10 million.

Altcoin terra (LUNA) was the third most liquidated during the last 24 hours, with a volume of almost $75 million. 400,000 traders’ orders were taken out of the market during the last 24 hours.

At the same time, centralized exchanges saw an inflow of Bitcoin. Over the last 24 hours, Coinbase received more than 5,440 BTC, while Bitfinex received more than 15,533 BTC. Binance, on the contrary, recorded an outflow of 18,617 BTC. In the past 30 days, all the listed exchanges received more than 25,000 BTC. The capitalization of the entire Cryptocurrency market has fallen to $1.2 trillion (-$200 billion) in the past 24 hours, according to CoinGecko.

Bitcoin (BTC) is trading at $28,475 at the time of writing. Ether (ETH) collapsed to $1970, losing nearly 20% in 24 hours. The top three Cryptocurrencies by market capitalization are closed by Altcoin Binance coin (BNB), which lost more than 12% during the day and fell to $272.

Technical indicators are giving bearish signals. Thus, the RSI index is declining and has fallen well below the critical mark. In addition, Bitcoin’s fall was accompanied by significant trading volumes on the weekly timeframe. However, there are still a few days left before the week’s close.

0 0 votes
Article Rating
Written by Renat
Notify of
Inline Feedbacks
View all comments