{"id":51126,"date":"2025-03-11T06:20:06","date_gmt":"2025-03-11T06:20:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51126"},"modified":"2025-03-11T06:20:06","modified_gmt":"2025-03-11T06:20:06","slug":"bitcoin-btc-dumped-to-a-4-month-low-liquidations-soar-to-almost-1-billion","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51126","title":{"rendered":"Bitcoin (BTC) Dumped to a 4-Month Low, Liquidations Soar to Almost $1 Billion"},"content":{"rendered":"

The bullish narrative of this cycle has been put to a <\/span>serious<\/span> test lately as the cryptocurrency sector continues to sink. Its <\/span>total<\/span> market capitalization plummeted below $2.7 trillion, while Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets tanked to multi-month lows.<\/span><\/p>\n

Several hours ago, the primary cryptocurrency collapsed below $77,000 for the first time since November 2024. <\/span>The bulls<\/span>, though,<\/span> managed to stop the freefall, and the price currently stands at around $80,000 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

For its part, ETH briefly crashed under $1,800, a level last witnessed at the end of 2023. Ripple (XRP), Cardano (ADA), Solana (SOL), and almost every well-known cryptocurrency from the top 100 <\/span>club<\/span> are deep in the red, too.<\/span><\/p>\n

Somewhat <\/span>expectedly<\/span>, the latest downtrend <\/span>had a negative effect on<\/span> traders who have opened long positions with high leverage. <\/span>According<\/span><\/a> to CoinGlass, over 330,000 <\/span>of those<\/span> were liquidated in the past 24 hours, with the total amount of liquidations equaling $950 million.<\/span><\/p>\n

BTC trades comprised around $318 million <\/span>of the figure<\/span>, Ethereum (ETH) accounted for $250 million, while Solana (SOL) made up roughly $50 million of the share.\u00a0<\/span><\/p>\n

The\u00a0<\/span>largest<\/span> single liquidation order happened on Bybit. It included the BTC\/USDT trading pair and cost the affected person a staggering $5.26 million.\u00a0<\/span><\/p>\n

The following days and weeks <\/span>are expected<\/span> to bring more volatility to the crypto market, considering the potential negotiations for <\/span>peace in Ukraine<\/span><\/a>, the upcoming release of the US CPI data, and the Federal Reserve\u2019s FOMC meeting.<\/span><\/p>\n

The post Bitcoin (BTC) Dumped to a 4-Month Low, Liquidations Soar to Almost $1 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The bullish narrative of this cycle has been put to a serious test lately as the cryptocurrency sector continues to sink. Its total market capitalization plummeted below $2.7 trillion, while Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets tanked to multi-month lows. Several hours ago, the primary cryptocurrency collapsed below $77,000 for the […]<\/p>\n","protected":false},"author":0,"featured_media":51127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51126","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\/51126"}],"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=51126"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/51127"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}