CandleFocus BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B
2024-12-06
Author: Content Editor
In the past 24 hours, crypto-tracked futures experienced over $1 billion in liquidations as bitcoin saw a brief drop from a record high of above $103,000 to nearly $92,000. BTC futures accounted for around $500 million in net liquidations, with the majority coming from long positions. ETH futures saw smaller liquidations totaling $85 million. Over 156,000 individual traders were liquidated, with the largest order being on OKX, worth $18 million. Futures tracking Dogecoin and XRP also saw losses. This drop in prices caused the crypto fear and greed sentiment index to fall to "greed" from "extreme greed," marking its lowest level in over 30 days.
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