Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million

Quick Summary:

As the volume continues to rise, the crypto liquidation figures have barreled toward $300 million in just 24 hours alone.91,000 Crypto Traders Lose $282 Million Amid Bitcoin Crash Data from Coinglass has shown that tens of thousands of crypto traders have lost their leverage positions in the last day, leading to hundreds of millions of dollars in liquidations.

Then again, on June 18, 24-hour liquidation volumes crossed $300 million when the Bitcoin price fell from $67,000 to $64,000.

If the Bitcoin price continues to fall, then these liquidation volumes could continue to climb quickly and reaching $300 million could only be a matter of when and not if.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin news Bitcoin Crypto Crypto liquidations Bitcoin price Btc BTCUSDT Liquidations Btc price Bitcoin Btcusd BTC news Liquidation Crypto Liquidation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 13:00:57 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21368057

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

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