{"id":14832,"date":"2025-02-25T07:32:18","date_gmt":"2025-02-25T07:32:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14832"},"modified":"2025-02-25T07:32:18","modified_gmt":"2025-02-25T07:32:18","slug":"liquidations-shoot-above-1-billion-as-bitcoin-btc-breaks-down-to-90k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14832","title":{"rendered":"Liquidations Shoot Above $1 Billion as Bitcoin (BTC) Breaks Down to $90K"},"content":{"rendered":"
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Bitcoin\u2019s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday\u2019s peak.<\/p>\n

The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate.<\/p>\n

\"BTCUSD.<\/a>
BTCUSD. Source: TradingView<\/figcaption><\/figure>\n

Recall that the primary cryptocurrency was climbing steadily last Friday and tapped a weekly peak of $99,500 following positive news<\/a> from Coinbase in regards to its two-year-long litigation against the SEC.<\/p>\n

However, the situation quickly changed after the largest hack<\/a> in the cryptocurrency industry, in which over $1.4 billion, mostly in ETH, was siphoned off Bybit.<\/p>\n

BTC, alongside the rest of the market, reacted immediately with a price fall<\/a> to $95,000. After a calm weekend spent at over $96,000, bitcoin took another minor hit<\/a> on Monday and slipped to $94,000.<\/p>\n

The bears were not done yet as they initiated another substantial leg down on Tuesday morning that drove the cryptocurrency to a six-week low of just over $90,000 (for now). Consequently, this put BTC\u2019s losses since Friday at over $9,000 even though many analysts have remained unfazed<\/a>.<\/p>\n

As expected, the altcoins have it even worse. Massive double-digit price declines are evident from ETH, DOGE, SOL, LINK, ADA, XRP, XLM, AVAX, LTC, and many, many others.<\/p>\n

This enhanced volatility has resulted in a mindblowing value of liquidated positions on a daily scale, which is at just over $1 billion now. $950 million came from long positions, while the single-largest liquidations occurred on Binance and was worth $15 million.<\/p>\n

Over 310,000 traders have been wrecked in the past day, shows data from CoinGlass.<\/p>\n

\"Liquidation<\/a>
Liquidation Heat Map. Source: CoinGlass<\/figcaption><\/figure>\n

The post Liquidations Shoot Above $1 Billion as Bitcoin (BTC) Breaks Down to $90K<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday\u2019s peak. The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14832","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14832"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14832\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}