$BTC just saw the biggest single-day liquidation wave of this cycle. It dropped hard to an intraday low of $61,400 before climbing back a bit to $63,799.
Over the last 24 hours that move wiped out $1.61 billion across 271,562 traders. Long positions took the worst hit, accounting for 84 percent of the damage or about $1.35 billion.
Feels like the market is flushing out a ton of leverage right now. Watching how $ETH and $SOL react to this will be interesting too.
#Bitcoin #Crypto #Liquidations #BTC #MarketWatch
Over the last 24 hours that move wiped out $1.61 billion across 271,562 traders. Long positions took the worst hit, accounting for 84 percent of the damage or about $1.35 billion.
Feels like the market is flushing out a ton of leverage right now. Watching how $ETH and $SOL react to this will be interesting too.
#Bitcoin #Crypto #Liquidations #BTC #MarketWatch