Bitcoin briefly climbed above $29,000 during early trading hours after experiencing high volatility that liquidated $178.78 million in the last 24 hours. False alarm triggers sell-off On April 26, the flagship digital asset had rallied toward $30,000 before suddenly dropping to a...
Bitcoin briefly climbed above $29,000 during early trading hours after experiencing high volatility that liquidated $178.78 million in the last 24 hours.
False alarm triggers sell-off
Over $350 million wiped from crypto market
Following the sell-off, $362.49 million was liquidated from over 80,000 traders in the last 24 hours across the broader crypto market.
Coinglass data shows that most liquidations occurred on OKX, Binance, and ByBit. The three exchanges accounted for 78% of the overall liquidations — of which nearly 60% were long positions.
Crypto market recovering
After the massive panic sell-off of the preceding 24 hours, the crypto market appears to recover.
Meanwhile, other leading assets have lost value. Binance Coin (BNB) is down 2.04%, while XRP declined 1.87%. Dogecoin, Polygon, and Solana shed less than 1%, respectively.