It\u2019s safe to say that bitcoin went through one of its most painful 24 hours as the asset plunged by over 10%, which in terms of USD meant a $10,000 decline.<\/p>\n
Such massive volatility not only brought the entire crypto market down but caused mind-blowing liquidation numbers of $1.6 billion on a 24-hour scale. One particular wrecked position, though, caught many people\u2019s attention.<\/p>\n
Data from CoinGlass shows that nearly 390,000 traders have been wrecked in the past day. Naturally, almost all of the $1.59 billion in liquidations was caused by longs, as they comprise roughly 90% of the total ($1.43 billion).<\/p>\n
A single whale, though, operating on the Justin Sun-affiliated exchange, HTX, was hit the hardest during this most recent crash by losing $39.62 million. This largest liquidation order involved the BTC\/USDT trading pair and represents over 5% of all bitcoin positions that were wrecked today.<\/p>\n
<\/a>Cryptocurrency Liquidations. Source: CoinGlass<\/p>\n This comes amid a highly volatile and painful day for the cryptocurrency market. Bitcoin\u2019s price started to head south yesterday afternoon, despite Strategy\u2019s most recent purchase<\/a>, and slipped from $96,000 to $94,000. However, the real turmoil came today as the cryptocurrency plunged to $86,000, which became its lowest level<\/a> since mid-November.<\/p>\n Moreover, BTC\u2019s losses since Friday have extended to over $13,000, and here are some of the potential reasons<\/a> behind this massacre.<\/p>\n After losing such a substantial chunk of its value within mere days, analysts are now torn about whether this is a regular correction<\/a> during a bull market or it\u2019s all over for this cycle.<\/p>\n Ali Martinez noted that BTC has broken down from a parallel channel that started in November. He envisioned an even more steep crash that can take bitcoin south to $80,000. Consequently, he advised<\/a> investors to be wary as there might be a more favorable time to \u2018buy the dip.\u2019<\/p>\n The post Someone Was Liquidated for $40 Million as Bitcoin Slumps by $10K Daily<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It\u2019s safe to say that bitcoin went through one of its most painful 24 hours as the asset plunged by over 10%, which in terms of USD meant a $10,000 decline. Such massive volatility not only brought the entire crypto market down but caused mind-blowing liquidation numbers of $1.6 billion on a 24-hour scale. One […]<\/p>\n","protected":false},"author":0,"featured_media":47708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47707","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\/47707"}],"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=47707"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47708"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Cryptocurrency Liquidations. Source: CoinGlass<\/p>\nThis comes amid a highly volatile and painful day for the cryptocurrency market. Bitcoin\u2019s price started to head south yesterday afternoon, despite Strategy\u2019s most recent purchase<\/a>, and slipped from $96,000 to $94,000. However, the real turmoil came today as the cryptocurrency plunged to $86,000, which became its lowest level<\/a> since mid-November.<\/p>\nMoreover, BTC\u2019s losses since Friday have extended to over $13,000, and here are some of the potential reasons<\/a> behind this massacre.<\/p>\nAfter losing such a substantial chunk of its value within mere days, analysts are now torn about whether this is a regular correction<\/a> during a bull market or it\u2019s all over for this cycle.<\/p>\nAli Martinez noted that BTC has broken down from a parallel channel that started in November. He envisioned an even more steep crash that can take bitcoin south to $80,000. Consequently, he advised<\/a> investors to be wary as there might be a more favorable time to \u2018buy the dip.\u2019<\/p>\nThe post Someone Was Liquidated for $40 Million as Bitcoin Slumps by $10K Daily<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"It\u2019s safe to say that bitcoin went through one of its most painful 24 hours as the asset plunged by over 10%, which in terms of USD meant a $10,000 decline. Such massive volatility not only brought the entire crypto market down but caused mind-blowing liquidation numbers of $1.6 billion on a 24-hour scale. One […]<\/p>\n","protected":false},"author":0,"featured_media":47708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47707","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\/47707"}],"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=47707"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47708"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-25-204435.png\"){kind=link}