Ethereum

Solana

United

Bitcoin

<div class="cryptonews">
 <p class="is-style-lead">The total amount of liquidations on the crypto market over the past 24 hours exceeded $300 million.</p>
 <p>Most forcedly closed positions were in Bitcoin (BTC) and Ether (ETH).</p>
 <p>The sharp Bitcoin price collapse to $35,000 cost the traders $121 million. Market participants who opened long positions in Ethereum also suffered significant losses. The fall in the price of the second largest cryptocurrency by capitalization below $2,000 cost them $64.1 million.</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14215947">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/15/65768c237b03cce3441c330664a70e7e.webp.webp">
   <img decoding="async" width="896" height="548" src="https://cdn.thebittimes.com/images/2023/11/15/65768c237b03cce3441c330664a70e7e.webp" alt="Traders liquidated $300m amid Bitcoin drop to $35k - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Market liquidations | Source: Coinglass
  </figcaption>
 </figure>
 <p>The leader in liquidations among altcoins was the native token of the Solana blockchain: due to SOL, traders suffered losses of $13.03 million.</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14215948">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/15/0b36ab18ec85c94b0eef1c4655b0122f.webp.webp">
   <img decoding="async" width="1208" height="631" src="https://cdn.thebittimes.com/images/2023/11/15/0b36ab18ec85c94b0eef1c4655b0122f.webp" alt="Traders liquidated $300m amid Bitcoin drop to $35k - 2"> 
  </picture>
  <figcaption class="wp-element-caption">
   Crypto liquidations per particular tokens | Source: Coinglass
  </figcaption>
 </figure>
 <p>Over 90% of liquidations were distributed between OKX, Bybit, and Binance. OKX executed the largest order. The exchange closed a long BTC/USDT for $9.45 million.</p>
 <p>Earlier, the price of Bitcoin fell sharply by more than 5% and tested the $35,000 mark. The release of data on the consumer price index in the United States preceded the fall. At the time of writing, the rate of the largest cryptocurrency has returned to $35,896.</p>
 <p>At the same time, long positions still prevail in the market, which indicates traders’ confidence in the prospects for further growth of Bitcoin. Moreover, in 2023, the number of Bitcoin wallets with total coins exceeding a million dollars has tripled.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin halving to reduce miner revenue by 50%: Glassnode
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/traders-liquidated-300m-amid-bitcoin-drop-to-35k-tbt70368.html">https://thebittimes.com/traders-liquidated-300m-amid-bitcoin-drop-to-35k-tbt70368.html</a></p>

Traders liquidated $300m amid Bitcoin drop to $35k

TheBitTimes

Other articles published on Nov 15, 2023

Top 3 Altcoins Crypto Whales Are Buying This Week

Smart Whale Makes Strategic Move in Crypto Market, Earns $22.8 Million

ZachXBT issues potential exit scam alert for Lendora Protocol on Scroll

Shiba Inu (SHIB) Saw Massive 1,275% Surge in Netflows, Here Are Key Factors

Solana (SOL) Price Surges By Over 46% in the Last 7 Days

$2.1B crypto time bomb! Digital assets stored in old wallets are at risk

Join our free newsletter for daily crypto updates!