Bitcoin

Million

It appears that the bulls may have celebrated too early, as the cryptocurrency market took a turn for the worse. After having surged to $30K earlier today, the price took a sudden u-turn and plummeted to $27K in less than an hour.
<ul>
<li>This left close to $200 million in liquidated leveraged positions in the past hour alone.</li>
<li>Upwards of 90% of the liquidations in the past hour were longs, accounting for more than $157 million. Binance and OKX account for the majority of the volume.</li>
<li>In fact, 97% of the liquidations on Binance were leveraged long positions.</li>
</ul>
<figure id="attachment_248116" aria-describedby="caption-attachment-248116" style="width: 1182px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_23-09-46.png" data-wpel-link="internal"><img class="size-full wp-image-248116" src="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_23-09-46.png" alt="BTCUSDT_2023-04-26_23-09-46" width="1182" height="491" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_23-09-46.png 1182w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_23-09-46-300x125.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_23-09-46-1024x425.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_23-09-46-768x319.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_23-09-46-50x21.png 50w" sizes="(max-width: 1182px) 100vw, 1182px" /></a><figcaption id="caption-attachment-248116" class="wp-caption-text">Source: TradingView</figcaption></figure>
&nbsp;
<ul>
<li>At the time of this writing, BTC is trading at around $27,500, but the volatility is at extremes.</li>
<li>The rest of the market also took a beating, with ETH down to $1800.</li>
</ul>
The post <a href="https://cryptopotato.com/bloodbath-200-million-liquidated-in-an-hour-as-bitcoin-btc-plummets-to-27k/" rel="nofollow">Bloodbath: $200 Million Liquidated in an Hour as Bitcoin (BTC) Plummets to $27K</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bloodbath: $200 Million Liquidated in an Hour as Bitcoin (BTC) Plummets to $27K

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