$2 Billion Liquidated in Hours as Bitcoin-BTC Price Tumbles to $53,500 and Market Cap Loses $100B

$2 Billion Liquidated in Hours as Bitcoin-BTC Price Tumbles to $53,500 and Market Cap Loses $100B

There are no boring days in the cryptocurrency market. In a couple of hourly candles, the entire market turned red and lost over $100 billion of its capitalization.

  • The total liquidations in the past 24 hours are worth almost $2 billion, according to data from Bybt.
  • The largest single liquidation order happened on Huobi. It was an ETH position with a dollar value of a whopping $74.5 million.
  • A little less than 196K traders were liquidated.
  • Leading the way in the past hour is Bitcoin-BTC, followed by Ethereum and Dogecoin.
  • Most of the liquidations took place on Bybit, Huobi, and Binance.
  • At the time of this writing, Bitcoin-BTC is trading at around $54K, down almost $4,000 over the past day and more than $5,000 since yesterday’s high.
  • The rest of the market is also deep in the red over the past few hours. In fact, the only two cryptocurrencies from the top 10 that are not down in the past day are ETH, LTC, and Dogecoin. Nevertheless, all of them have declined seriously over the past hour.
quantifycrypto
Cryptocurrency Market Heatmap. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Published at Tue, 04 May 2021 15:30:44 +0000

Spread the word. Share this post!

Leave a comment

Welcome to The Bitcoin Street Journal

Install
×