Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

Share

🤔 100% FUD

Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

Bitcoinist.coma month ago
EthereumEthereum
BitcoinBitcoin
MillionMillion
Published on August 15, 2022 17:00 GMT+00:00edited on August 15, 2022 23:49 GMT+00:00

Share

Bitcoin price had touched briefly above $25,000 in the past day, but the rejection at this point had sent the digital asset spiraling downward. It had inevitably ended in the high $23,000 before staging a recovery. However, by then, the damage had already been done to a lot of traders. Liquidations had ramped up as quickly as the downtrend was swift, sending almost 100,000 traders into the lost territory.

$280 Million As Bitcoin Falls

In the last 24 hours, liquidation volumes have grown rapidly. As bitcoin declined below $24,000, tens of thousands of traders found themselves at the mercy of the market as their positions were all liquidated. The majority of these have occurred in the last 12 hours, where liquidations had crossed more than $100 million at this time.

More than $280 …