Dogecoin

Long

Solana

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
According to <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">data</a> provided by CoinGlass, $675 million worth of crypto has been liquidated over the past 24 hours alone.&nbsp;
Long positions account for the lion's share of liquidated positions ($578 million).
More than $227 million worth of crypto has been liquidated over the past four hours alone.&nbsp;
During this ongoing crypto carnage, the largest liquidation took place on the Binance exchange, with a single trader losing as much as $18 million.&nbsp;
<a href="https://u.today/crucial-bitcoin-btc-call-to-worlds-governments-made-by-samson-mow?amp" rel="noopener noreferrer nofollow">Bitcoin</a> has recorded the biggest&nbsp; amount of liquidations with $184 million worth of long positions and $41 million worth of short positions being wiped out. Ethereum and Solana come in second and third places, respectively. Meme coin Dogecoin has also appeared in the top 5.
When it comes to specific crypto trading platforms, Binance came in first place by the total amount of liquidated crypto with $343.41 million. OKX and Huobi are in second and third places with $171 million and $71 million, respectively.
As <a href="https://u.today/bitcoin-bloodbath-key-reason-why-btc-is-getting-annihilated" rel="noopener noreferrer nofollow">reported by U.Today</a>, the most recent crypto crash was exacerbated by a massive transfer initiated by Mt. Gox, the now-defunct crypto exchange. The transfer is part of the Bitcoin distribution process that was announced last month. The market is under severe selling pressure due to speculation that a significant portion of creditors might liquidate their holdings.&nbsp;
Bitcoin is down more than 8% over the last 24 hours after <a href="https://u.today/bitcoin-bloodbath-key-reason-why-btc-is-getting-annihilated" rel="noopener noreferrer nofollow">plunging</a> to $53,350, the lowest level in five months, earlier this Friday. Meanwhile, some major altcoins of the likes of Solana have logged double-digit losses.
The recent market plunge triggered one of the biggest liquidation sprees since the downfall of the FTX exchange back in December 2022.&nbsp;
Pseudonymous trader DonAlt has <a href="https://x.com/cryptodonalt/status/1809106387646971966?s=46&amp;t=dYF0hpz-gFc8HcetSehFUQ" rel="noopener noreferrer nofollow">predicted</a> that the price of the leading cryptocurrency is unlikely to be back above the $60,000 level anytime soon. Furthermore, he has stated that the odds are good that the top of the current cycle is already in.&nbsp;

Crypto Carnage: Liquidations Reach Highest Level Since FTX Collapse

U_Today

Άλλα άρθρα που δημοσιεύτηκαν στις 5 Ιουλ 2024

Community Finds Best Place to Trade and Buy the Solana ETF, Hidden Ethereum DEX Takes Spotlight

3 Tokens Gaining Attention Right Now: PAWFURY (PAW), TON, HOPPY

XRP News Today: XRP Price Crash BELOW $0.30?

Altcoins suffer heavy losses as BTC recedes 8%

Bitcoin Price Drop Affects Altcoins and Highlights Market Realities

Rapid and Cost-Effective Token Bulk Transactions

Join our free newsletter for daily crypto updates!