$785m Liquidated: Bitcoin’s Plummet to $4,800 Leads to Another $120m in Liquidated Positions

2020-3-13 03:20

Bitcoin’s insane plunge seen early this morning has shown no signs of slowing down as the benchmark cryptocurrency’s bulls seem to disappear. This intense downtrend has now cut as deep as $4,800 and has put BTC at jeopardy of seeing a movement down to its post-2017 crash lows of $3,300. This latest movement to sub-$5,000 has left a trail of destruction in its wake, leading another $120 million in long positions to be liquidated in a mere matter of minutes. Analysts are now noting that there is barely any buying pressure between Bitcoin’s current price and $4,000 – suggesting significantly further downside could be imminent. Bitcoin Crashes as Buying Pressure Disappears  At the time of writing, Bitcoin is trading just below $5,000, which marks a massive decline from daily highs of nearly-$8,000 that were set around this time yesterday. This has led many analysts to note that the cryptocurrency could be poised to see significantly further near-term downside, as the unprecedented nature of this ongoing movement has baffled investors and has led BTC’s buying pressure to dissipate. Hsaka, a popular cryptocurrency analyst and trader on Twitter, spoke about the current state of Bitcoin in a recent tweet, pointing to an order book showing that there is very little support between BTC’s current price and $4,000. E M P T Y$BTC pic.twitter.com/mcjmqbDdXJ — Hsaka (@HsakaTrades) March 12, 2020 Because of the massive number of sell orders being placed at $5,000 and the lack of buyers to absorb this pressure, it is highly probable that the cryptocurrency will see significantly further downside in the days and weeks ahead. BTC’s Massive Decline Leads to Wake of Liquidations Totaling at Nearly $800m One byproduct of this ongoing selloff is the fact that $120 million worth of Bitcoin long positions on BitMEX were liquidated in this latest decline, according to data from Skew. This comes close on the heels of the $665 million worth of long positions that were liquidated earlier this morning when Bitcoin plummeted to lows of $5,200 before rebounding to $6,200. “$665 million bitcoin longs were liquidated just now on BitMEX alone, I repeat, $665 million,” Joseph Young, a popular market commentator, noted in a recent tweet. $665 million bitcoin longs were liquidated just now on BitMEX alone, I repeat, $665 million — Joseph Young (@iamjosephyoung) March 12, 2020 This puts the total dollar value of liquidations seen today at roughly $785 million, which is unprecedented.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67143.86 (+0.25%)
Объем 24H $21.73b
Изменеия 24h: 0.01 %, 7d: 10.20 %
Cегодня L: $66031.14 - H: $67143.86
Капитализация $1323.22b Rank 1
Цена в час новости $ 5335.38 (1158.46%)

down movement liquidated bitcoin put cut intense

Источник: newsbtc.com

down movement → Результатов: 83


Bitcoin May Stall for Six Months Before Any Major Rally; Factors & Trends

Bitcoin’s recent bout of sideways trading around the $8,600 region has resulted in a massive bear-favoring movement, with BTC now plummeting down towards the lower-$8,000 region. This movement has completely altered the sentiment amongst investors, with many analysts now claiming that the crypto will see significantly further losses as $9,200 begins to look increasingly like... The post appeared first on NewsBTC.

2020-1-24 22:00


Фото:

Bitcoin Price Movement Splits Bullish and Bearish Analysts [Premium Analysis]

The Bitcoin price is in the process of reclaiming the previous breakdown level of $7600. A weekly close above it would act as confirmation that the current trend is bullish. On December 17 and 18, the Bitcoin price broke down below a significant support area and reached a low of $6400, causing many people to […] The post Bitcoin Price Movement Splits Bullish and Bearish Analysts [Premium Analysis] appeared first on BeInCrypto.

2019-12-23 20:16


Создатель Cardano о цене биткоина: Сначала возврат к $10000, после $100000

Глава блокчейн-компании IOHK Чарльз Хоскинсон убежден, что биткоин вернется к отметке в $10 тысяч, а затем достигнет и уровня $100 тысяч. Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again […]

2019-11-25 09:02


Основатель Cardano: мы увидим биткоин по $100 тысяч

Глава блокчейн-компании IOHK Чарльз Хоскинсон убежден, что биткоин вернется к отметке в $10 тысяч, а затем достигнет и уровня $100 тысяч. Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again […]

2019-11-24 15:11


Tether [USDT] Whale Alert: 20 million USDT moved from Bitfinex to Tether Treasury as Bitcoin pumps

The infamous Bitfinex-Tether saga is far from cooling down after the oldest stablecoin, USDT, recorded a series of unusual fund movements to unknown wallets from its treasury. Whale Alert, the ever-observant Twitter handle which tracks significant cryptocurrency transactions, reported another movement by the controversial Tether.

2019-6-10 19:45


Fidelity will stick to top cryptos like Bitcoin or XRP, says Morgan Creek’s Anthony Pompliano

The sudden movement in Bitcoin prices has added fuel to the cryptocurrency market’s excitement, with many in the space speculating that the bear market may have finally come to an end. In the latest Crypto Trader episode, Ran NeuNer sat down with Frank Chaparro, Senior Correspondent at The Block and Anthony Pompliano, Founder of Morgan […] The post Fidelity will stick to top cryptos like Bitcoin or XRP, says Morgan Creek’s Anthony Pompliano appeared first on AMBCrypto.

2019-5-10 11:30


Tron (TRX) Bullishly Exploding, Soaring Higher Than Other Cryptos

The crypto market has been experiencing drag in the movement of price under a bearish condition. While some cryptos are weighed down by the present condition, some have been able to break out. Some cryptos are still struggling to break out, but Tron TRX seems to have gathered enough strength to break off the bearish […] The post Tron (TRX) Bullishly Exploding, Soaring Higher Than Other Cryptos appeared first on ZyCrypto.

2019-1-14 20:26


дальше еще 34 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Notcoin in focus as KangaMoon excites with bonus sale

Notcon (NOT) token’s price fell sharply after its debut on exchanges. KangaMoon (KANG) is offering a bonus presale stage ahead of first CEX listing. Analysts say the lackluster spot Bitcoin ETFs market means Bitcoin prices could see limited upside action in coming weeks and months.

Deutsche Bank joins Singapore’s Project Guardian

Deutsche Bank, a leading German multinational investment bank, has announced its latest move in the crypto and blockchain space. As well as MAS, the collaboration also includes Web3 interoperability platform Axelar Network and Memento Blockchain.

Crypto investment products see first inflows in over a month

Digital assets investment products saw $130 million in inflows, the first after four weeks of outflows. Bitcoin remains above $62k and saw inflows of $144 million this past week. As Bitcoin shows fresh resilience above $62,000, latest market data reveals that digital asset investment products recorded inflows for the first time in over a month […] The post Crypto investment products see first inflows in over a month appeared first on CoinJournal.

Franklin Templeton says “Base Season” is here

Franklin Templeton is bullish on Base and Friend. tech is soaring. Meme coins and Social Finance (SocialFi) applications are driving growth for the Ethereum L2 network. Franklin Templeton, a $1.