Bitcoin (BTC) deeply affected many crypto data, reaching $30,000 again after June 2022.
BTC, which has been on the rise despite the blows in recent weeks, tested $ 30,425, shaking the liquidation data. While high liquidation values were seen in many altcoins, the fact that the main price movement came from BTC had a great repercussion. In addition, the fact that the liquidation transactions were “short” transactions at a rate of 77 percent was a data showing the increasing severity of the crypto market.
As of the writing of the news, BTC, which is at a price of 30,000 dollars, is like a bomb with the pin pulled out. Persistence at these values can instantly move the price to near-term extremes. If there is a selling wave that can start, it can bring the price to $ 28,000 in a short time. These situations will shake liquidation rates again.
Bitcoin (BTC) Liquidation Value Over $100 Million!
Considering the last 24-hour time frame, it turns out that approximately 3,056 BTC ($107.15 million) transactions were liquidated. The biggest purge after BTC was seen in ETH, another leader of cryptocurrencies. The liquidation of approximately 15,090 ETH ($28.99 million) brought great danger among altcoins.
While many crypto data were deeply affected after the market’s rise, more activity was observed in crypto investors who were trading on the “short” side. After these data, eyes were turned to BTC.
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