Bitcoin, Ethereum, Dogecoin, XRP Slide As Crypto Liquidations Top $500 Million: Analyst Says This Is What Is In Store For BTC In The Current Quarter
Leading cryptocurrencies fell further, while stocks barely changed on Monday as investors trimmed risk appetite.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.81% | $116,487.79 |
| Ethereum (CRYPTO: ETH) |
-2.77% | $4,339.70 |
| XRP (CRYPTO: XRP) | -0.15% | $3.07 |
| Solana (CRYPTO: SOL) | -2.50% | $185.09 |
| Dogecoin (CRYPTO: DOGE) | -3.37% | $0.2244 |
More Than $400 Million In Longs Liquidated
Bitcoin sank below $115,000 early morning but recovered to above $117,000 by evening. Trading volume jumped nearly 50% over the last 24 hours.
Ethereum also rebounded to $4,400, but the rally could not be sustained, pushing the coin back to the early $4,300s overnight. XRP and Solana fell 0.15% and 2.50%, respectively.
ETH’s dominance rose to 13.3%, while Bitcoin’s market share dropped below 59%.
Over $535 million was liquidated from the market over the last 24 hours, with long positions accounting for $436 million. Around $422 million in BTC longs risk liquidation if the coin slips below $114,000.
Bitcoin’s open interest fell 1.24% over the last 24 hours. Meanwhile, over 57% of Binance traders with open BTC positions were betting in favor of the coin’s rally.
The “Greed” sentiment dropped further to …
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