Cryptocurrency

Bitcoin

Impact

<ul> 
 <li>Bitcoin (BTC) experienced a surge in transactions, resulting in a total of $217.28 million being liquidated in the past 24 hours.</li> 
 <li>Short positions accounted for $157.92 million of the liquidated transactions, while long positions accounted for $59.35 million.</li> 
 <li>Binance and Bitmex were the prominent exchanges involved in the liquidation process, with Bitmex experiencing a significant amount of short positions.</li> 
</ul> 
<p><strong>Overall Summary: Bitcoin witnessed a surge in transactions, leading to a total liquidation of $217.28 million in the past 24 hours. Among these liquidated transactions, short positions accounted for $157.92 million, while long positions accounted for $59.35 million. Binance and Bitmex were the main exchanges involved in the liquidation process, with Bitmex experiencing a substantial number of short positions.</strong></p> 
<h2 id="the-impact-of-liquidation-on-bitcoin-transactions">The Impact of Liquidation on Bitcoin Transactions</h2> 
<p>In the last 24 hours, Bitcoin (BTC) has seen a significant increase in transactions, resulting in a total liquidation of $217.28 million. This surge in activity is primarily attributed to the consecutive ETF applications made by various companies, which has propelled BTC to test the $30,800 mark within hours. Breaking the seemingly impenetrable barrier of $30,000 on the third attempt has directly influenced the liquidation data. Out of the total liquidated transactions, $157.92 million can be attributed to short positions, while $59.35 million comes from long positions.</p> 
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations.png"><img decoding="async" class="alignnone size-full wp-image-117074" src="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations.png" alt="Bitcoin Liquidations" width="1391" height="741" srcset="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations.png 1391w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-300x160.png 300w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-1024x545.png 1024w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-768x409.png 768w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-150x80.png 150w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-696x371.png 696w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-1068x569.png 1068w" sizes="(max-width: 1391px) 100vw, 1391px"></a></p> 
<h2 id="the-significance-of-short-position-liquidation">The Significance of ‘Short’ Position Liquidation</h2> 
<p>One notable detail from the liquidation data is the involvement of exchanges. Binance, for instance, witnessed a total liquidation value of $67.98 million in the past 24 hours. Among all exchanges, Binance accounts for a 31.29% share in terms of liquidation, with short positions constituting 74.71% ($50.79 million) of the total liquidated transactions.</p> 
<p>Bitmex, on the other hand, stands out in terms of the proportion of short positions in the liquidation process. Although Bitmex has a lower liquidation value compared to other exchanges, approximately 99.66% of its liquidated transactions are related to short positions. This has sparked discussions within the cryptocurrency community as it contradicts the expectations of Bitmex users, who were predominantly anticipating a market surge. The unexpected movement in the market over the past 24 hours has set a historical precedent.</p> 
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges.png"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-117075" src="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges.png" alt="Bitcoin Liquidations on Exchanges" width="1376" height="799" srcset="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges.png 1376w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges-300x174.png 300w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges-1024x595.png 1024w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges-768x446.png 768w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges-150x87.png 150w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges-696x404.png 696w, https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Liquidations-on-Exchanges-1068x620.png 1068w" sizes="(max-width: 1376px) 100vw, 1376px"></a></p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/unveiling-the-terrifying-liquidation-figures-cryptocurrency-investors-tremble/">Unveiling the Terrifying Liquidation Figures: Cryptocurrency Investors Tremble!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Unveiling the Terrifying Liquidation Figures: Cryptocurrency Investors Tremble!

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