Due to the news flows and the panic sales that came with it, 356 million dollars liquidation was realized in the last 24 hours.
The news of MtGox and the USA, which fell on the agenda the other day, caused a great decline on the Bitcoin side. The news that the USA and MtGox were selling Bitcoin affected the market. Although this news flow was later denied, there was a serious decline in the crypto market. Due to the volatility created by the declines and rapid rises in the crypto market, $358 million has evaporated in the last 24 hours.
As a result of the impact of the news, 356 million dollars evaporated
FUD effect was seen in the crypto money market, which rose with the bull appetite, yesterday evening. Bitcoin sales news from MtGox and the US private led to a strong decline in the markets. The drop in Bitcoin, which is close to 10 percent, attracted attention as one of the biggest destructions of this month.
The 10% drop that the markets experienced and the 10% rise that followed immediately confused crypto investors. In the market straying from its main focus, $356 million of crypto investors who opened transactions evaporated. According to the latest liquidation data, $174 million liquidation took place on the Bitcoin side within 24 hours. In addition, it was seen that there was a liquidation of $ 72 million on the Ethereum side.
Looking at altcoins, the biggest liquidation was at Arbitrum with $7.88 million. Litecoin and Dogecoin followed soon after.
Above all this liquidation flow is the news feed put forward by Arkham.
We have conducted an investigation of the DB Alert situation, and determined that the Arkham alerts were sent accurately in this case.
DB set two alerts on all Bitcoin transactions above $10k USD, with no counterparties set, then named the alerts “Mt Gox” and “US Gov”.
When we… pic.twitter.com/8OITiygNhL
— Arkham (@ArkhamIntel) April 26, 2023