Bitcoin\u2019s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday\u2019s peak.<\/p>\n
The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate.<\/p>\n
<\/a>BTCUSD. Source: TradingView<\/p>\n Recall that the primary cryptocurrency was climbing steadily last Friday and tapped a weekly peak of $99,500 following positive news<\/a> from Coinbase in regards to its two-year-long litigation against the SEC.<\/p>\n However, the situation quickly changed after the largest hack<\/a> in the cryptocurrency industry, in which over $1.4 billion, mostly in ETH, was siphoned off Bybit.<\/p>\n BTC, alongside the rest of the market, reacted immediately with a price fall<\/a> to $95,000. After a calm weekend spent at over $96,000, bitcoin took another minor hit<\/a> on Monday and slipped to $94,000.<\/p>\n The bears were not done yet as they initiated another substantial leg down on Tuesday morning that drove the cryptocurrency to a six-week low of just over $90,000 (for now). Consequently, this put BTC\u2019s losses since Friday at over $9,000 even though many analysts have remained unfazed<\/a>.<\/p>\n As expected, the altcoins have it even worse. Massive double-digit price declines are evident from ETH, DOGE, SOL, LINK, ADA, XRP, XLM, AVAX, LTC, and many, many others.<\/p>\n This enhanced volatility has resulted in a mindblowing value of liquidated positions on a daily scale, which is at just over $1 billion now. $950 million came from long positions, while the single-largest liquidations occurred on Binance and was worth $15 million.<\/p>\n Over 310,000 traders have been wrecked in the past day, shows data from CoinGlass.<\/p>\n <\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n The post Liquidations Shoot Above $1 Billion as Bitcoin (BTC) Breaks Down to $90K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday\u2019s peak. The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate. […]<\/p>\n","protected":false},"author":0,"featured_media":47487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47486","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\/47486"}],"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=47486"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47487"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nRecall that the primary cryptocurrency was climbing steadily last Friday and tapped a weekly peak of $99,500 following positive news<\/a> from Coinbase in regards to its two-year-long litigation against the SEC.<\/p>\nHowever, the situation quickly changed after the largest hack<\/a> in the cryptocurrency industry, in which over $1.4 billion, mostly in ETH, was siphoned off Bybit.<\/p>\nBTC, alongside the rest of the market, reacted immediately with a price fall<\/a> to $95,000. After a calm weekend spent at over $96,000, bitcoin took another minor hit<\/a> on Monday and slipped to $94,000.<\/p>\nThe bears were not done yet as they initiated another substantial leg down on Tuesday morning that drove the cryptocurrency to a six-week low of just over $90,000 (for now). Consequently, this put BTC\u2019s losses since Friday at over $9,000 even though many analysts have remained unfazed<\/a>.<\/p>\nAs expected, the altcoins have it even worse. Massive double-digit price declines are evident from ETH, DOGE, SOL, LINK, ADA, XRP, XLM, AVAX, LTC, and many, many others.<\/p>\nThis enhanced volatility has resulted in a mindblowing value of liquidated positions on a daily scale, which is at just over $1 billion now. $950 million came from long positions, while the single-largest liquidations occurred on Binance and was worth $15 million.<\/p>\nOver 310,000 traders have been wrecked in the past day, shows data from CoinGlass.<\/p>\n<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post Liquidations Shoot Above $1 Billion as Bitcoin (BTC) Breaks Down to $90K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday\u2019s peak. The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate. […]<\/p>\n","protected":false},"author":0,"featured_media":47487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47486","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\/47486"}],"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=47486"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47487"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-27.png\"){kind=link}
![<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post Liquidations Shoot Above $1 Billion as Bitcoin (BTC) Breaks Down to $90K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday\u2019s peak. The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate. […]<\/p>\n","protected":false},"author":0,"featured_media":47487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47486","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\/47486"}],"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=47486"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47487"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-25-091738.png\"){kind=link}