Bitcoin

Drops

The cryptocurrency market experienced a sharp downturn over the past 24 hours, resulting in the liquidation of $1.76 billion across 583,810 traders as Bitcoin dropped to $95,000. This wave of liquidations predominantly affected long positions, which accounted for $1.58 billion, while shorts made up $184.51 million. 
Bitcoin (BTC), the leading cryptocurrency, saw liquidations amounting to $189.19 million within 24 hours. Of this, $147.95 million were long positions, and $41.23 million were short positions.&nbsp; 
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 <img decoding="async" width="860" height="289" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/coinglass-860x289.png" alt="Coinglass liquidation map" class="wp-image-221836">
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 Source: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>
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Over the past hour alone, $3.96 million worth of BTC positions were liquidated, with longs totaling $3.21 million and shorts at $755,420. 
On a wider level, liquidation figures across all cryptocurrencies were in red with significant losses. The hour-long liquidation figures reached $10.63 million, which included $2.78 million longs and $7.85 million shorts. 
In the four-hour liquidation figure, it was at $144.69 million, which had $120.80 million in longs and $23.89 million in shorts. 
The biggest order of the single liquidation on Binance was at its ETHUSDT pair with a value of $19.69 million. Other altcoins are not to be disregarded for making the incredible 24-hour total in the liquidations as it lost $563.25 million. From that, $537.43 million came from longs while $25.81 million came from shorts. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/12/09/bitcoin-drops-to-97-8k-is-the-bull-run-over/" target="_blank" rel="noreferrer noopener">Bitcoin Drops to $97.8K – Is the Bull Run Over?</a> 
</blockquote>

Crypto Market Sees $1.76B in Liquidations as BTC dips to $95k

The Crypto Times

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