BTC Price Dips 2%: $34M in Bitcoin Longs Liquidated as Derivatives Market Shakes Bitcoin's journey takes a slight dip today, with a
1.9% decline in the past 24 hours. But don't fret just yet, as the
weekly gain of 4.8% shows resilience. However, the
30-day stats reveal a
12.4% decrease, raising eyebrows.
At present, the crypto giant's market cap hovers around
$1.2 trillion, with a
$24 billion trade volume to keep things interesting. The top BTC pairs? FDUSD takes the lead at
44%, followed by USDT at
33%.
The rollercoaster ride continues as Coinglass reports a whopping
$34.79 million in BTC longs liquidated in just one day! And shorts? They suffered too, with
$7.85 million wiped out recently. The total liquidation count? A staggering
$134.34 million across the crypto realm.
These figures serve as a reminder of the wild world of leveraged trading, where fortunes can be made or lost in an instant. With over
61,000 traders liquidated, it's clear that caution is key in this dynamic financial landscape.
As we navigate these ups and downs, all eyes are on Bitcoin's next move – will it stabilize and regain its footing? Only time will tell as we await the next chapter in this thrilling crypto saga.
