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Between Dec. 25 – 26, the volume of liquidations in crypto markets exceeded $166 million. 
According to CoinGlass, altcoins account for a significant share of losses. At the time of writing, the daily volume of liquidations is $166.2 million, with a predominance of long positions. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="968" height="636" src="https://crypto.news/app/uploads/2023/12/Screenshot-2023-12-26-at-15.59.41.png" alt="Traders liquidated over $166m amid BTC price decline - 21" class="wp-image-14231575">
 <figcaption class="wp-element-caption">
 Source: CoinGlass
 </figcaption>
</figure> 
In addition to the traditional Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) and Ethereum (<a href="https://crypto.news/price/Ethereum/">ETH</a>), trading pairs with Solana (<a href="https://crypto.news/price/Solana/">SOL</a>) and <a href="https://crypto.news/price/ORDI/">ORDI</a> are among the leaders in terms of loss volume. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="626" src="https://crypto.news/app/uploads/2023/12/Screenshot-2023-12-26-at-15.59.36-1024x626.png" alt="Traders liquidated over $166m amid BTC price decline - 22" class="wp-image-14231576">
 <figcaption class="wp-element-caption">
 Source: CoinGlass
 </figcaption>
</figure> 
The most significant liquidations occurred on the <a href="https://crypto.news/tag/binance/">Binance</a>, <a href="https://crypto.news/tag/OKX/">OKX</a>, and <a href="https://crypto.news/tag/Bybit/">Bybit</a> exchanges. As with the market, these are predominantly long positions – more than 60%. 
A series of liquidations occurred against the backdrop of a falling BTC rate. The cryptocurrency sank by 2%, reaching $42,750. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="611" src="https://crypto.news/app/uploads/2023/12/Screenshot-2023-12-26-at-16.09.09-1024x611.png" alt="Traders liquidated over $166m amid BTC price decline - 23" class="wp-image-14231577">
 <figcaption class="wp-element-caption">
 Source: CoinMarketCap
 </figcaption>
</figure> 
In 2023, Bitcoin <a href="https://www.bloomberg.com/news/articles/2023-12-22/bitcoin-btc-rallied-530-billion-in-2023-boosted-by-gamble-on-spot-etfs" target="_blank" rel="noopener">outperformed</a> almost all other asset classes including the global stock market and gold in growth dynamics. 
<a href="https://crypto.news/bitcoin-btc-price-prediction/">BTC growth</a> stood out this year growing by 163% in 2023. 
Amid expectations of an imminent decline in interest rates, easing regulatory pressure from the United States and the expected approval of a Bitcoin <a href="https://crypto.news/tag/etf/">ETF</a> by the U.S. Securities and Exchange Commission (SEC), analysts expect continued growth in crypto assets in 2024. 
 Read more: <a href="https://crypto.news/will-bitcoin-etfs-follow-gold-etfs-path-to-success/"> Will Bitcoin ETFs follow gold ETFs’ path to success? </a>

Traders liquidated over $166m amid BTC price decline

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