CandleFocus Crypto liquidations hit $200m amid Bitcoin dip
2024-09-30
Author: Content Editor
The crypto market experienced over $200 million in liquidations as Bitcoin dropped to nearly $64,000. This led to a surge in total liquidations by 128% in the past 24 hours. Ethereum also saw a drop to under $2,600 due to selling from the Ethereum Foundation, resulting in significant losses for traders. Over 68,900 traders had their positions liquidated, with the largest single order liquidated on OKX exchange valued at $1.92 million. Despite the decline, analysts remain bullish, citing historical trends of positive returns for Bitcoin in October and November. Additionally, CoinShares reported that crypto investment products had inflows for the third consecutive week.
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