Crypto Liquidation Hits $1B In 24 Hours As Bitcoin Drops!

In the last 24 hours in the crypto market, we have seen the ups and downs in the price of Bitcoin. Even the price of Bitcoin dropped below one hundred thousand dollars and later we saw that the price of Bitcoin made a new all time high. Many traders lost liquidation due to the sudden drop in Bitcoin price in the last 24 hours. This number is not small but this number is about four lakh traders who have been inactive in the last 24 hours due to the fall in the price of Bitcoin. And the liquidation has caused the price of bitcoin to drop by nearly $1 billion as bitcoin briefly fell below $100,000 after reaching near its all-time high.

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Especially when future traders trade futures on various exchanges, when the price of Bitcoin reaches a certain limit, they lose their liquidity and lose their entire money. And where this number is basically higher, Bitcoin suddenly takes a bounce. That's what happened in the last 24 hours, resulting in $1.18 billion in liquidations from about 406,000 traders. This liquidity was split between approximately $921 million in long liquidations and $260 million in short liquidations. Basically, we occasionally see such markets when Bitcoin suddenly jumps up to hundreds of thousands of dollars in price or drops. But due to the sudden increase or decrease in this price, many traders lose money.

As Bitcoin's price surges, traders in other coins also lose liquidity, as Ether leads the market in liquidation. Over $207.5 million worth of long liquidations in the past day, followed by $202 million Bitcoin Bitcoin lost over a hundred thousand dollars yesterday. But such incidents are happening more and more after US President Donald Trump and his wife Melania Trump launched new tokens in their own names. Usually we have seen that when Donald Trump brings his own name to the coin market then it gains a huge amount of market cap within a short period of time. Which has an impact on the entire crypto market.

But we can see such incidents in the market almost every time. Bitcoin prices in particular tend to rise or fall by large amounts to lose liquidity for futures traders. We sometimes see how many people are betting futures on various exchanges. It depends on the percentage, and where Bitcoin moves is where it makes more people homeless and takes more money, Bitcoin usually moves. However, the amount of money lost and the number of traders driven out of the market in the last 24 hours is telling. However, if you want to know more details about it, then you can read this news .