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Crypto prices plummeted after a US report showed inflation has not fully subsided, triggering over $800 million in liquidations. Bitcoin dropped 8% from its high of Bitcoin briefly fell below $100,000, retreating from its near all-time high. According to data from CoinGlass, a total of $1.18 billion was liquidated from nearly 406,000 traders, with $921 million Following the announcement of a week of truth for crypto, the market showed no mercy: more than 110,000 traders saw their positions evaporate in 24 hours. Out of the 298 The market liquidations predominantly affected short sellers who suffered losses of over $110 million in 24 hours. Wrapped Bitcoin (wBTC) supply on Ethereum has Hace 18 horas In brief Crypto liquidations exceed $800 million over the past 24 hours, mostly from longs. Bitcoin dipped to nearly $104,000 Friday after setting a new peak just shy of As per data from CoinGlass, BTC worth $104.48 million have been liquidated over the past 24-hours. The estimated leverage ratio for Bitcoin has been revolving

$104M Bitcoin Liquidated in 24 Hours: Is the Worst Behind Us? Crypto markets experienced a turbulent 24 hours, with significant liquidations impacting Bitcoin and other cryptocurrencies. Was the recent $104 million Bitcoin liquidation the peak of the storm, or is more volatility on the horizon?

The crypto bloodbath was triggered by a recent US report indicating that inflation hasn\'t fully subsided, sending shockwaves through the market. This led to widespread liquidations, exceeding $800 million across the board. Bitcoin dropped 8% from its high, and according to CoinGlass, BTC worth $104.48 million was liquidated in the last 24 hours.

Bitcoin briefly retreated from its near all-time high, even dipping close to $104,000 Friday after setting a new peak just shy of... (well short). The broader market saw a total of $1.18 billion liquidated from nearly 406,000 traders, with $921 million affecting long positions, largely long positions.

Following the announcement of a "week of truth" for crypto, the market showed no mercy. More than 110,000 traders saw their positions evaporate in 24 hours, amidst the general selling. Looking at the numbers, we saw a total of 298... (many positions affected). The estimated leverage ratio for Bitcoin has been revolving, further exacerbating the price swings.

Notably, market liquidations predominantly affected short sellers who suffered losses of over $110 million in 24 hours. Although overshadowed by the overall market turmoil, those short positions took a significant hit. We are also following data surrounding Wrapped Bitcoin (wBTC) supply on Ethereum.

The $104 million Bitcoin liquidation figure highlights the inherent volatility within the crypto market. While significant, the fact that the broader market saw $800 million in liquidations across all cryptocurrencies puts the Bitcoin figure into perspective. The question remains: has this liquidation event cleared out excess leverage, paving the way for a more stable recovery, or are further corrections likely? Keep checking back for the latest updates and analysis.

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