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<p>Bitcoin (<a href="https://cryptoslate.com/coins/bitcoin/">BTC</a>) fell to about $27,235 almost immediately after hitting a price of $30,000, leading to more than $170 million in liquidations.</p>
<p>The largest cryptocurrency by market cap rallied toward $30,000 earlier in the day, which led to more than $70 million in liquidations for short traders in the last 24 hours.</p>
<h2 id="nearly-200-million-liquidated">Nearly $200 million liquidated</h2>
<p>According to <a href="https://www.coinglass.com/LiquidationData">Coinglass</a>, the crypto market saw $195 million liquidated in the past four hours, with more than 77,000 traders being liquidated.</p>
<p>Bitcoin saw $72.05 million in the past hour, while Ethereum saw $28.75 million. Other assets such as Dogecoin, Arbitrum, Chainlink, XRP, Litecoin, and Solana experienced less than $4 million in liquidations.</p>
<p>The largest liquidation occurred on BitMEX on XBT, valued at $5.05 million.</p>
<h2 id="bitcoin-drops-to-27k-again">Bitcoin drops to $27k again</h2>
<p>The price of Bitcoin is also down to $27k again after a rally over the last three days, based on <a href="https://cryptoslate.com/coins/">CryptoSlate data,</a> after it dropped from a high of almost $31k on April 14 down to as low as $26,960 on April 24.</p>
<figure id="attachment_319672" class="wp-caption aligncenter" aria-describedby="caption-attachment-319672"><figcaption id="caption-attachment-319672" class="wp-caption-text">
<figure id="attachment_320854" aria-describedby="caption-attachment-320854" style="width: 1530px" class="wp-caption aligncenter"><img class="wp-image-320854 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-27_01-22-17.png" alt="BTCUSDT " width="1530" height="933" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-27_01-22-17.png 1530w, https://cryptoslate.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-27_01-22-17-300x183.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-27_01-22-17-1024x624.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-27_01-22-17-768x468.png 768w" sizes="(max-width: 1530px) 100vw, 1530px" /><figcaption id="caption-attachment-320854" class="wp-caption-text">BTCUSDT (Source: TradingView)</figcaption></figure>
</figcaption></figure>
<p>BTC was priced at $27,510 as of 8:30 p.m. UTC. The price of Bitcoin is down overall by almost 2.5% over the past 24 hours.</p>
<p>Other leading assets have also lost value. Ethereum (ETH) is down almost 2%, while Binance Coin (BNB) is down 2.3% and XRP is down 4.7%, while Dogecoin (DOGE) is down 3.6%.</p>
<h2 id="strong-jump-trading-deposits-to-exchanges-strong"><strong>Jump Trading deposits to exchanges</strong></h2>
<p>Arkham Intelligence <a href="https://twitter.com/ArkhamIntel/status/1651299804423520260">tweeted</a> that Jump Trading, a prominent market maker, deposited $26.6M worth of BTC to various exchange deposit addresses in the past hour.</p>
<p>Most of these funds were sent to Binance, with Jump Trading transferring $23.7M to their BTC deposit address.</p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/bitcoin-drops-down-to-27k-range-again-liquidating-170m-and-77k-traders/">Bitcoin drops to $27k range again, liquidating $200M</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin drops to $27k range again, liquidating $200M

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