Solana

Millions

Bitcoin

when

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/massive-liquidations-sweep-the-crypto-market-as-bitcoin-dips/" data-wpel-link="internal">Massive Liquidations Sweep the Crypto Market as Bitcoin Dips</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/the-current-state-of-the-crypto-market-will-consolidation-continue-in-bitcoin/" data-wpel-link="internal">Bitcoin</a></strong> and other cryptocurrencies in the spot market can result in profits or losses based on percentage changes. However, when you engage in leveraged trading, whether long or short, the percentage of profit or loss becomes clear only when you close your position. On the other hand, with leveraged trades, you also face the risk of losing your entire investment.</p> 
<h2 style="text-align: justify" id="bitcoin-and-crypto-volatility-erases-millions-of-dollars">Bitcoin and Crypto Volatility Erases Millions of Dollars</h2> 
<p style="text-align: justify">The cryptocurrency Bitcoin experienced a drop towards $48,400 today, leading to the liquidation of millions of dollars. The scale of liquidations in long and short positions over the past 24 hours is indicative of the extent of price volatility.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-314283 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-tasfiye-kripto-coin-turk-com-.png" alt="" width="1900" height="730"></p> 
<p style="text-align: justify">At the time of writing, there has been a liquidation of $198.35 million in Bitcoin and other cryptocurrencies in the last 24 hours. Of these liquidations, $59.98 million occurred in Bitcoin, the flagship of cryptocurrencies. Approximately $28 million of Bitcoin liquidations happened in long positions, while short position liquidations were around $32 million.</p> 
<h2 style="text-align: justify" id="other-liquidations">Other Liquidations</h2> 
<p style="text-align: justify">Liquidations in Ethereum, the leader of altcoins, are nearly as significant as Bitcoin. About $50 million in liquidations occurred in Ethereum, with $21 million in long positions and $29 million in short positions.</p> 
<p style="text-align: justify">Liquidations in Solana amounted to $12.25 million. In Solana, those in short positions faced $5.97 million in liquidations, while those in long positions saw $6.28 million in liquidations.</p> 
<h2 style="text-align: justify" id="more-liquidations-in-short-focused-positions">More Liquidations in Short-Focused Positions</h2> 
<p style="text-align: justify">Looking at the liquidations, we see that short-focused liquidations are significantly high. It appears that more short positions were taken as Bitcoin and other cryptocurrencies began to fall. Short-focused positions opened with the expectation that Bitcoin would fall further were liquidated when BTC rebounded from $48,400.</p> 
<p style="text-align: justify">When the anticipated direction of a leveraged trade does not materialize, investors are forced to re-evaluate their positions, leading to significant liquidations today. Lastly, looking at the Bitcoin price at the time of writing, BTC is at $48,768, having experienced a 2.29% decline over the last 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/massive-liquidations-sweep-the-crypto-market-as-bitcoin-dips/" data-wpel-link="internal">Massive Liquidations Sweep the Crypto Market as Bitcoin Dips</a></h5>

Massive Liquidations Sweep the Crypto Market as Bitcoin Dips

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