Bitcoin falls below $82,000, shaking the crypto market
Bitcoin fell below $82,000 on October 12, triggering a cascade of liquidations across the crypto market. Contrary to what the headline figure might suggest, the $406 million does not concern BTC alone, but all long positions recorded over 24 hours.
Bitcoin fell below $82,000 on October 12, after a drop of nearly 4%.
More than 118,000 traders were liquidated in 24 hours, for a total of $488.61 million.
Long positions accounted for $406.48 million in liquidations, or 83.2% of the total.
Leverage and outflows from Bitcoin ETFs have increased pressure on the market.
Investors are now watching U.S. inflation and the $81,000 and $85,000 thresholds.
More than 118,000 traders liquidated in one day
Bitcoin fell from a daily high of around $84,254 to a low of approximately $81,000. This drop of nearly 4% was enough to automatically close many leveraged positions.
According to data recorded on the night of October 12, liquidations reached $488.61 million across the crypto market. They affected 118,142 traders over 24 hours.
Long positions, which were betting on prices rising, accounted for $406.48 million, or 83.2% of the total. Short positions recorded $82.14 million in liquidations.
Ethereum suffered the highest amount by asset, at $115.19 million. Bitcoin followed with $106.61 million, ahead of Solana at $26.97 million. Zcash and NEAR each came close to $20 million.
$BTC
$LIQT.US
$CASS.US
#BTC
Bitcoin fell below $82,000 on October 12, triggering a cascade of liquidations across the crypto market. Contrary to what the headline figure might suggest, the $406 million does not concern BTC alone, but all long positions recorded over 24 hours.
Bitcoin fell below $82,000 on October 12, after a drop of nearly 4%.
More than 118,000 traders were liquidated in 24 hours, for a total of $488.61 million.
Long positions accounted for $406.48 million in liquidations, or 83.2% of the total.
Leverage and outflows from Bitcoin ETFs have increased pressure on the market.
Investors are now watching U.S. inflation and the $81,000 and $85,000 thresholds.
More than 118,000 traders liquidated in one day
Bitcoin fell from a daily high of around $84,254 to a low of approximately $81,000. This drop of nearly 4% was enough to automatically close many leveraged positions.
According to data recorded on the night of October 12, liquidations reached $488.61 million across the crypto market. They affected 118,142 traders over 24 hours.
Long positions, which were betting on prices rising, accounted for $406.48 million, or 83.2% of the total. Short positions recorded $82.14 million in liquidations.
Ethereum suffered the highest amount by asset, at $115.19 million. Bitcoin followed with $106.61 million, ahead of Solana at $26.97 million. Zcash and NEAR each came close to $20 million.
$BTC
$LIQT.US
$CASS.US
#BTC