Traders seen $553 million crypto liquidations as Bitcoin dropped $92k

CoinMarketCap11-26

Traders have witnessed a massive half-billion dollar amount of crypto liquidations in a day after Bitcoin dropped to its lowest price in the past week. According to Coinglass’s data on Nov. 25, crypto...

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Traders with long positions have liquidated $413 million as Bitcoin price dropped to $92k, decreasing almost 5% in a day.1 Day BTC price chart, September 10 – November 26, 2024 | Source: crypto.news. The long positions in the last 12 hours and 4 hours have seen major crypto liquidation with $344 million and $140 million, respectively. The short positions in the past day also raised into triple digits, $138 million.Bitcoin  and Ethereum  are the most significant contributors to crypto liquidation. At the time of writing, Bitcoin recorded $24 in both positions, while Ethereum recorded $11 in the long positions and $3 million in the short one.Around 169,879 crypto traders have liquidated in the past day, and","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BTC":"Grayscale Bitcoin Mini Trust","ETH":"Grayscale Ethereum Mini Trust","BK4588":"碎股"},"translate_title":"比特币下跌9.2万美元，交易员看到5.53亿美元的加密货币清算","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"ETH":1},"content_text":"Traders have witnessed a massive half-billion dollar amount of crypto liquidations in a day after Bitcoin dropped to its lowest price in the past week.\nAccording to Coinglass’s data on Nov. 25, crypto traders have seen massive liquidation of about $553 million in the past day of trading. Traders with long positions have liquidated $413 million as Bitcoin price dropped to $92k, decreasing almost 5% in a day.\n\n\n  1 Day BTC price chart, September 10 – November 26, 2024 | Source: crypto.news\n\n\nThe long positions in the last 12 hours and 4 hours have seen major crypto liquidation with $344 million and $140 million, respectively. The short positions in the past day also raised into triple digits, $138 million.\nBitcoin (BTC) and Ethereum (ETH) are the most significant contributors to crypto liquidation. At the time of writing, Bitcoin recorded $24 in both positions, while Ethereum recorded $11 in the long positions and $3 million in the short one.\nAround 169,879 crypto traders have liquidated in the past day, and traders from the Binance exchange are the most significant number of liquidations with $4.67 million in BTC/USDT pair.\nThe crypto market capitalization in amount also dropped almost 3% to $3.23 trillion, and the trading volume is around $240 billion.\nRead more:  Centralized exchanges face a hard blow amid cooling liquidations \nCrypto liquidations continue\nSmall market capitalizations of altcoins have seen a significant impact due to the crypto liquidations; around $100 million have been lost in the market. A total of $494 million was liquidated on Nov. 24.\nThis market-wide correction is considered normal conditions after the Bitcoin rally in the past month. Based on CoinMarketCap data today, Bitcoin still dominates the market at 57.4%, and the crypto fear-greed index showed 82 points, which indicates the market is in a highly greedy position.\nThis wave momentum also potentially triggered further bullish as macro-economy conditions, specifically in the United States, are promising the future of crypto. It would also bring a positive sentiment towards the market after Bitcoin’s dominance dropped and impact the altcoins rally.\nYou might also like:  Trump holds $7 million in crypto: Arkham Intelligence","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486309680"}