Bitcoin\u2019s latest price rejection at the coveted $100,000 mark has pushed the asset south hard, dumping by about six grand in hours.<\/p>\n
The altcoins followed suit with massive losses from most of them, including double-digit price declines from WIF, TIA, FIL, APT, LTC, and others.<\/p>\n
<\/a>Bitcoin\/Price\/Chart 9.12.2024. Source: TradingView<\/p>\n Shortly after CryptoPotato\u2019s<\/em> Market Watch<\/a> from the morning, BTC actually went on the offensive and jumped above $100,000. However, that was short-lived, and the asset slumped below it almost immediately.<\/p>\n It lost a few grand and calmed at $98,000 in the following hours before the bears were able to take complete control of the market minutes ago and propelled a massive leg down.<\/p>\n In it, BTC\u2019s price tumbled by four grand within an hour or so and dumped to a multi-day low of $94,300 (on Bitstamp). It managed to bounce off immediately and now sits close to $97,000, but the landscape is quite worrisome for over-leveraged traders.<\/p>\n Data from CoinGlass shows that the total value of wrecked positions in the past 24 hours has shot up to nearly $1.5 billion. Moreover, the number is close to $900 million in the last hour alone. More than 500,000 market participants have been wrecked in the past day.<\/p>\n <\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n The altcoins faced similar volatility, with numerous massive losers over the past 24 hours, as mentioned above. In fact, the single-largest wrecked position involved ETH and was worth nearly $20 million.<\/p>\n The total crypto market cap went from $3.750 trillion to under $3.5 trillion before it recovered some ground at $3.610 trillion as of press time.<\/p>\n The post Over $1.4 Billion in Liquidations as Bitcoin (BTC) Dumps by $6K in Hours<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s latest price rejection at the coveted $100,000 mark has pushed the asset south hard, dumping by about six grand in hours. The altcoins followed suit with massive losses from most of them, including double-digit price declines from WIF, TIA, FIL, APT, LTC, and others. Bitcoin\/Price\/Chart 9.12.2024. Source: TradingView Shortly after CryptoPotato\u2019s Market Watch from […]<\/p>\n","protected":false},"author":0,"featured_media":27076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27075"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27075"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27076"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Bitcoin\/Price\/Chart 9.12.2024. Source: TradingView<\/p>\nShortly after CryptoPotato\u2019s<\/em> Market Watch<\/a> from the morning, BTC actually went on the offensive and jumped above $100,000. However, that was short-lived, and the asset slumped below it almost immediately.<\/p>\nIt lost a few grand and calmed at $98,000 in the following hours before the bears were able to take complete control of the market minutes ago and propelled a massive leg down.<\/p>\nIn it, BTC\u2019s price tumbled by four grand within an hour or so and dumped to a multi-day low of $94,300 (on Bitstamp). It managed to bounce off immediately and now sits close to $97,000, but the landscape is quite worrisome for over-leveraged traders.<\/p>\nData from CoinGlass shows that the total value of wrecked positions in the past 24 hours has shot up to nearly $1.5 billion. Moreover, the number is close to $900 million in the last hour alone. More than 500,000 market participants have been wrecked in the past day.<\/p>\n<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe altcoins faced similar volatility, with numerous massive losers over the past 24 hours, as mentioned above. In fact, the single-largest wrecked position involved ETH and was worth nearly $20 million.<\/p>\nThe total crypto market cap went from $3.750 trillion to under $3.5 trillion before it recovered some ground at $3.610 trillion as of press time.<\/p>\nThe post Over $1.4 Billion in Liquidations as Bitcoin (BTC) Dumps by $6K in Hours<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s latest price rejection at the coveted $100,000 mark has pushed the asset south hard, dumping by about six grand in hours. The altcoins followed suit with massive losses from most of them, including double-digit price declines from WIF, TIA, FIL, APT, LTC, and others. Bitcoin\/Price\/Chart 9.12.2024. Source: TradingView Shortly after CryptoPotato\u2019s Market Watch from […]<\/p>\n","protected":false},"author":0,"featured_media":27076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27075"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27075"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27076"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/BTCUSD-8.png\"){kind=link}
![<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe altcoins faced similar volatility, with numerous massive losers over the past 24 hours, as mentioned above. In fact, the single-largest wrecked position involved ETH and was worth nearly $20 million.<\/p>\nThe total crypto market cap went from $3.750 trillion to under $3.5 trillion before it recovered some ground at $3.610 trillion as of press time.<\/p>\nThe post Over $1.4 Billion in Liquidations as Bitcoin (BTC) Dumps by $6K in Hours<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s latest price rejection at the coveted $100,000 mark has pushed the asset south hard, dumping by about six grand in hours. The altcoins followed suit with massive losses from most of them, including double-digit price declines from WIF, TIA, FIL, APT, LTC, and others. Bitcoin\/Price\/Chart 9.12.2024. Source: TradingView Shortly after CryptoPotato\u2019s Market Watch from […]<\/p>\n","protected":false},"author":0,"featured_media":27076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27075"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27075"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27076"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-09-231639.png\"){kind=link}