With the withdrawal of Bitcoin, a total of 80.94 million assets were liquidated by nearly 40050 investors in the last 24 hours!
According to data from the crypto data platform Coinglass, $11.54 million of these liquidations occurred in BTC transactions. Ethereum (ETH), the leader of altcoins, has liquidated $11.32 million. The cryptocurrency with the largest liquidation after Ethereum was Aptos (APT), which saw $ 4.51 million in liquidation.
Continuing its upward trend in recent days, BTC started to oscillate after the last meeting of the Fed. Weekend dips continue for the crypto market as well. The decline in BTC led to serious depreciation in altcoins.
Sequential Liquidation Alerts for Altcoins!
Bitcoin (BTC), the pioneer of the crypto industry, has been continuing its upward trend since the $ 15,500 level. In this period, when serious rises are seen on the basis of altcoins, there are no intermediate corrections. The interim drop experienced after the Fed interest rate meeting in the past few days is an example of this.
The 1.80 percent price drop experienced during the day for BTC severely shook the altcoin market market and reduced the price values on the basis of altcoins to the level of 10 percent. According to the data published for futures, liquidation is in question for many altcoins.
These liquidations are composed of “long” positions with a rate of 92.63 percent and a value of $48.21 million. Many of the major cryptocurrencies have had these purges as well. These large liquidations have left investors in a dilemma whether the price decline will continue or whether it will remain as a liquidation movement and is necessary for upward pricing.
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