Ethereum

Bitcoin

<ul class="wp-block-list news-points">
 <li>Over $100M in BTC and ETH liquidations signals market volatility and leveraged positions.</li>
 <li>Attention shifts to Ethereum as BTC faces resistance at $100k, with sideways movement expected.</li>
 <li>MicroStrategy’s ongoing Bitcoin purchases could play a pivotal role in pushing BTC towards $100k.</li>
</ul>
The crypto market is changing, with Bitcoin and Ethereum experiencing liquidations. Over $100 million in <a href="https://t.me/QCPbroadcast/1368" target="_blank" rel="noopener noreferrer nofollow">BTC and ETH holdings</a> were liquidated across exchanges within 24 hours, which demonstrates the highly leveraged nature of the market.
Despite the retracement, both assets remain above their support levels of $95k for Bitcoin and $3,200 for Ethereum. However, the market’s attention appears to be turning toward Ethereum in the short term, with projections for BTC to trade sideways until December.
<h2 class="wp-block-heading" id="h-liquidations-and-market-focus">Liquidations and Market Focus</h2>
Bitcoin and Ethereum together accounted for over $116 million in liquidations. Bitcoin alone recorded $78.11 million in liquidations, making up a large portion of the $490.54 million liquidated across the entire crypto market. Ethereum followed closely with $38.06 million in liquidations.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdEkmSLqkGGHj5tKiaM_PUghx45i5EA99Jn9uQhfOx9MANBj4So-EZjQ80c5PTwMcJbNOFOyL9S2suUKltEzghrAGCcDs99cfVNXfAcpTMrPlLKMISHAlFaeLQ-qeSu_WNyb68KUg?key=41ya7ETYVxGJeCyn3sAZL4Xj" alt="">
 <figcaption class="wp-element-caption">Source: <a href="https://x.com/follis_/status/1860841655714156666" target="_blank" rel="noopener noreferrer nofollow">X</a>
 </figcaption>
 </figure>
</div>
Despite the market retracement over the weekend,…
The post <a href="https://coinedition.com/bitcoin-and-ethereum-liquidations-hit-116m-as-market-turns-to-eth/" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Liquidations Hit $116M as Market Turns to ETH</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin and Ethereum Liquidations Hit $116M as Market Turns to ETH

Table of Contents

Coin Edition

Other articles published on Nov 25, 2024

Semler Scientific Tops Bitcoin Bag With 297 BTC Purchase

Egypt used car e-commerce startup Sylndr gets $7.5 million capital financing

Cantor Fitzgerald to use Bitcoin as collateral via Tether

Altcoins in Focus: Is Qubetics the Best Pick for November 2024 Raising Over $3.2M and How It Comp...

BTFD Coin Tops the List of Best Meme Coins to Buy in 2024—And for Good Reason!

Notcoin Price Prediction: NOT Surges 18% In A Week, But Traders Turn To This New Meme Coin That’s...

Join our free newsletter for daily crypto updates!