{"id":626116,"date":"2024-06-24T13:00:57","date_gmt":"2024-06-24T13:00:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=626116"},"modified":"2024-06-24T12:21:31","modified_gmt":"2024-06-24T12:21:31","slug":"bitcoin-crash-61000-liquidations","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-crash-61000-liquidations\/","title":{"rendered":"Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million"},"content":{"rendered":"

Early on Monday morning, the Bitcoin price crashed another 5% to drop to the $61,000 level<\/a>. This drop, which was very sudden, has taken investors by surprise, triggering a massive wave of liquidations. As the volume continues to rise, the crypto liquidation figures have barreled toward $300 million in just 24 hours alone.<\/p>\n

91,000 Crypto Traders Lose $282 Million Amid Bitcoin Crash<\/h2>\n

Data from Coinglass has shown<\/a> 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. This comes with the decline in the crypto market, spurred on by the Bitcoin crash<\/a>.<\/p>\n

Related Reading: Polygon (MATIC) Turns Bullish After Losing Streak \u2013 Is A 1,000% Rally Possible From Here?<\/a><\/div>\n

So far, the number of traders who have lost their positions has crossed 91,000, and a little over $282 million has been lost since then. With the Bitcoin and crypto market crash, the majority of these liquidations have come from long traders, with an overwhelming 91.59%.<\/p>\n

As expected, Bitcoin has seen the largest liquidation volumes<\/a> with $103 million. Ethereum follows in second place with $64 million, while Solana comes in third place with $13 million. Liquidations from others have also crossed $38 million during this time.<\/p>\n

Binance<\/a> accounts for around 35% of total liquidations with $102.9 million, while the OKX exchange<\/a> has recorded $82 million in liquidations. Huobi, Bybit, and Bitmex are in 3rd, 4th, and 5th positions with $47.72 million, $21.33 million, and $15.15 million, respectively. While the largest single liquidation order took place on the Bitmex exchange<\/a>, where a trader lost $10 million on the XBTUSDT pair.<\/p>\n

At the time of writing, the majority of the liquidation had taken place in the last 12 hours alone, making up $230 million out of the recorded $282 million. Meanwhile, in the last hour, the liquidation volumes have crossed $102.5 million.<\/p>\n

Despite the notable liquidation volumes, the last 24 hours are still not the worst day for the month of June. Since June has been riddled with crashes, there have been notable liquidation trends for the month. For example, on June 7, liquidation volumes reached $360 million when the Bitcoin price crashed from $71,000 to $68,000<\/a>.<\/p>\n

Related Reading: Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price?<\/a><\/div>\n

Then again, on June 18, 24-hour liquidation volumes crossed $300 million when the Bitcoin price fell from $67,000 to $64,000<\/a>. 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.<\/p>\n

The Bitcoin price is currently struggling to hold $61,000<\/a>, with an approximately 5% decline in the last 24 hours. If bulls fail to hold this support level, the possibility of the price falling to the $50,000<\/a> territory becomes much higher.<\/p>\n

\"Bitcoin
BTC price resting at $61,000 | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Early on Monday morning, the Bitcoin price crashed another 5% to drop to the $61,000 level. This drop, which was very sudden, has taken investors by surprise, triggering a massive wave of liquidations. 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. This comes with the decline in the crypto market, spurred on by the Bitcoin crash. Related Reading: Polygon (MATIC) Turns Bullish After Losing Streak \u2013 Is A 1,000% Rally Possible From Here? So far, the number of traders who have lost their positions has crossed 91,000, and a little over $282 million has been lost since then. With the Bitcoin and crypto market crash, the majority of these liquidations have come from long traders, with an overwhelming 91.59%. As expected, Bitcoin has seen the largest liquidation volumes with $103 million. Ethereum follows in second place with $64 million, while Solana comes in third place with $13 million. Liquidations from others have also crossed $38 million during this time. Binance accounts for around 35% of total liquidations with $102.9 million, while the OKX exchange has recorded $82 million in liquidations. Huobi, Bybit, and Bitmex are in 3rd, 4th, and 5th positions with $47.72 million, $21.33 million, and $15.15 million, respectively. While the largest single liquidation order took place on the Bitmex exchange, where a trader lost $10 million on the XBTUSDT pair. At the time of writing, the majority of the liquidation had taken place in the last 12 hours alone, making up $230 million out of the recorded $282 million. Meanwhile, in the last hour, the liquidation volumes have crossed $102.5 million. Despite the notable liquidation volumes, the last 24 hours are still not the worst day for the month of June. Since June has been riddled with crashes, there have been notable liquidation trends for the month. For example, on June 7, liquidation volumes reached $360 million when the Bitcoin price crashed from $71,000 to $68,000. Related Reading: Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price? 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. The Bitcoin price is currently struggling to hold $61,000, with an approximately 5% decline in the last 24 hours. If bulls fail to hold this support level, the possibility of the price falling to the $50,000 territory becomes much higher. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":626143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790,6664,91908,85578,2765,85078],"class_list":["post-626116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-liquidation","tag-crypto-liquidations","tag-liquidation","tag-liquidations"],"acf":[],"yoast_head":"\nBitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million<\/title>\n<meta name=\"description\" content=\"Early on Monday morning, the Bitcoin price crashed another 5% to drop to the $61,000 level. 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million","url":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-crash-61000-liquidations\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-crash-61000-liquidations\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_4145ce.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_4145ce.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto liquidation","crypto liquidations","liquidation","liquidations"],"dateCreated":"2024-06-24T13:00:57Z","datePublished":"2024-06-24T13:00:57Z","dateModified":"2024-06-24T13:00:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-crash-61000-liquidations\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-crash-61000-liquidations\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin_4145ce.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin_4145ce.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto liquidation\",\"crypto liquidations\",\"liquidation\",\"liquidations\"],\"dateCreated\":\"2024-06-24T13:00:57Z\",\"datePublished\":\"2024-06-24T13:00:57Z\",\"dateModified\":\"2024-06-24T13:00:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_4145ce.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/626116"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=626116"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/626116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/626143"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=626116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=626116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=626116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}