bitcoin
Bitcoin (BTC) $ 97,448.11
ethereum
Ethereum (ETH) $ 2,680.78
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 612.97
xrp
XRP (XRP) $ 2.43
cardano
Cardano (ADA) $ 0.70253
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.310906
binance-usd
BUSD (BUSD) $ 0.996282
dogecoin
Dogecoin (DOGE) $ 0.254191
okb
OKB (OKB) $ 48.44
polkadot
Polkadot (DOT) $ 4.87
shiba-inu
Shiba Inu (SHIB) $ 0.000016
tron
TRON (TRX) $ 0.243361
uniswap
Uniswap (UNI) $ 9.45
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,246.05
dai
Dai (DAI) $ 0.999951
litecoin
Litecoin (LTC) $ 119.55
staked-ether
Lido Staked Ether (STETH) $ 2,679.52
solana
Solana (SOL) $ 202.20
avalanche-2
Avalanche (AVAX) $ 25.57
chainlink
Chainlink (LINK) $ 18.82
cosmos
Cosmos Hub (ATOM) $ 4.80
the-open-network
Toncoin (TON) $ 3.84
ethereum-classic
Ethereum Classic (ETC) $ 20.66
leo-token
LEO Token (LEO) $ 9.85
filecoin
Filecoin (FIL) $ 3.40
bitcoin-cash
Bitcoin Cash (BCH) $ 331.30
monero
Monero (XMR) $ 223.04
Monday, February 10, 2025
spot_img
bitcoin
Bitcoin (BTC) $ 97,448.11
ethereum
Ethereum (ETH) $ 2,680.78
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 612.97
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.43
binance-usd
BUSD (BUSD) $ 0.996282
dogecoin
Dogecoin (DOGE) $ 0.254191
cardano
Cardano (ADA) $ 0.70253
solana
Solana (SOL) $ 202.20
matic-network
Polygon (MATIC) $ 0.310906
polkadot
Polkadot (DOT) $ 4.87
tron
TRON (TRX) $ 0.243361
HomeCryptoBitcoinBitcoin sees one other flash crash, resulting in $1.52 billion cascade in...

Bitcoin sees one other flash crash, resulting in $1.52 billion cascade in crypto liquidations

Bitcoin sees one other flash crash, resulting in $1.52 billion cascade in crypto liquidations

The crypto market skilled a cascade of liquidations over the previous 24 hours, totaling $1.52 billion, as Bitcoin (BTC) underwent one more flash crash.

In accordance with Coinglass information, longs made up the overwhelming majority of the quantity, with $1.39 billion liquidated throughout the market, whereas brief liquidations accounted for $137 million of the overall.

This marks the second consecutive week of intense market volatility, with altcoins taking the toughest hit. Over $759 million in liquidations occurred prior to now hour alone, highlighting the velocity and scale of the sell-off.

Intense volatility

Primarily based on cryptoteprise information, Bitcoin’s value dropped sharply to an intraday low of $94,129 earlier than partially recovering to commerce at roughly $97,000 as of press time.

The sudden downturn triggered liquidations of $83.99 million in Bitcoin positions throughout the final 4 hours, with lengthy merchants accounting for almost all. The liquidation of leveraged positions added additional downward strain, exacerbating losses throughout the broader market.

Ethereum (ETH) bore the brunt of the sell-off amongst altcoins, with $134.50 million liquidated within the final 4 hours alone. The asset’s value fell to $3,510, marking a pointy drop from its current highs, earlier than recovering to the $3,700 degree as of press time.

Dogecoin (DOGE) additionally noticed substantial liquidations, with $51.55 million worn out because the meme coin struggled to carry above vital help ranges and fell to an intraday low of $0.38 earlier than recovering to $0.422 as of press time.

The highest altcoin losers included Solana (SOL), which noticed $33.61 million in liquidations, and XRP, which recorded $33.78 million in wiped-out positions. The 2 cash fell to $203 and $2.01, respectively, earlier than consumers stepped in to drive a restoration to $220 and $2.26 as of press time.

Cardano (ADA) additionally confronted vital strain, dropping under key psychological ranges to $0.91. As of press time, it’s nonetheless hovering across the $1 degree.

Over-leveraged positions

The fast sell-off was fueled by a mix of over-leveraged positions, weak sentiment, and cascading stop-loss orders.

Binance accounted for the most important share of liquidations, with $417.65 million in complete liquidations over the previous 4 hours. OKX adopted with $224.76 million, whereas Bybit noticed $207.16 million in wiped-out positions.

Essentially the most vital single liquidation occasion occurred on Binance’s ETHUSDT buying and selling pair, totaling $19.69 million.

Regardless of the huge liquidations and intense volatility, the crypto Concern and Greed Index stays in Excessive Greed territory at 78.

Bitcoin Market Knowledge

On the time of press 10:08 pm UTC on Dec. 9, 2024, Bitcoin is ranked #1 by market cap and the worth is down 3.25% over the previous 24 hours. Bitcoin has a market capitalization of $1.91 trillion with a 24-hour buying and selling quantity of $103.65 billion. Study extra about Bitcoin ›

Crypto Market Abstract

On the time of press 10:08 pm UTC on Dec. 9, 2024, the overall crypto market is valued at at $3.44 trillion with a 24-hour quantity of $288.18 billion. Bitcoin dominance is presently at 55.69%. Study extra concerning the crypto market ›

Talked about on this article

Bitcoin sees one other flash crash, resulting in $1.52 billion cascade in crypto liquidations

RELATED ARTICLES

Most Popular