mardi, avril 13, 2021
  • Our partners
  • Our team
  • Our editors
  • Contact
No Result
View All Result
rzo logo
Advertisement
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • RZO COIN
  • Shop
  • Magazine
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Gaming

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      The Analogue Nt Mini is the perfect NES console for video game lovers

      GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • News

    National Academy of Sciences endorses embryonic engineering

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    The Analogue Nt Mini is the perfect NES console for video game lovers

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Watch Cruise’s self-driving Bolt EV navigate smoothly to SF’s Dolores Park

  • Formation
  • EBOOKS
  • Trading
    • eToro
  • EXCHANGES
    • BLOCKCHAIN
  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    • Computers

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Fujifilm X-T2 review: The definition of a great camera

      Shopify CEO attempts to defend continued hosting of Breitbart’s online store

      SpaceX targets February 18 for Dragon resupply mission to ISS

    • Applications

      Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Jack Dorsey says he’ll continue running both Square and Twitter

  • 🇺🇸
    • 🇨🇭
    • 🇫🇷
    • 🇬🇧
    • 🇨🇦
    • 🇷🇺
  • Home
  • RZO COIN
  • Shop
  • Magazine
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Gaming

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      The Analogue Nt Mini is the perfect NES console for video game lovers

      GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • News

    National Academy of Sciences endorses embryonic engineering

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    The Analogue Nt Mini is the perfect NES console for video game lovers

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Watch Cruise’s self-driving Bolt EV navigate smoothly to SF’s Dolores Park

  • Formation
  • EBOOKS
  • Trading
    • eToro
  • EXCHANGES
    • BLOCKCHAIN
  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    • Computers

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Fujifilm X-T2 review: The definition of a great camera

      Shopify CEO attempts to defend continued hosting of Breitbart’s online store

      SpaceX targets February 18 for Dragon resupply mission to ISS

    • Applications

      Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Jack Dorsey says he’ll continue running both Square and Twitter

  • 🇺🇸
    • 🇨🇭
    • 🇫🇷
    • 🇬🇧
    • 🇨🇦
    • 🇷🇺
RZO Magazine : Formation Ebooks Crypto univers
No Result
View All Result

$663 million liquidated after Bitcoin wicks under $57,000

by
mars 31, 2021
$663 million liquidated after Bitcoin wicks under $57,000
Share on FacebookShare on Twitter


News › Bitcoin › Trading

The crypto market saw a sudden drop downwards which led to millions of dollars punted by leveraged traders getting liquidated.

Shaurya Malwa · March 31, 2021 at 11:27 am UTC · 2 min read

$663 million liquidated after Bitcoin wicks under $57,000
Secure your wealth: Invest in a Crypto Index Fund

Crypto traders were in for a tough surprise on Wednesday morning after a sudden market drop caused over $663 million worth of losses stemming from margin trading, data from markets tool Bybt shows. 88% of all liquidations occurred on ‘long’ positions.

Margin trading is the process via which traders borrow excess capital from their brokers (or exchanges) to either place bigger bets than their capital or to manage risk. 

The brokers, in turn, charge a fee as interest and automatically close out positions at a predetermined price level to manage their risk. The trader’s entire capital is then essentially lost and the position is said to be liquidated.

Liquidation insights

As per Bybt, over 151,438 traders were liquidated in the past 24 hours—the total liquidations reached $970 million—and the largest single liquidation order was a BTC trade worth $14.68 million on crypto exchange Huobi.

Of the $663 million liquidated over the past four hours, over 584.33 million were ‘long’ positions, or traders betting on higher asset prices, while $79 million were ‘short’ positions, or traders betting on lower prices. 

Traders on Binance saw the biggest hits with over $400 million worth of positions getting liquidated. Futures exchange Bybit followed that with over $145 million in liquidations, while Huobi saw $124 million in liquidations.

On the lower side were crypto exchanges Deribit and Bitfinex, which saw relatively smaller $853,000 and $574,000 in margin positions getting liquidated respectively.

As the below image shows, Bitcoin fell to as low as $56,880 before being aggressively bought up by traders, suggesting the move was more technically driven than having a fundamental rationale behind it. But that led to over $389 million in Bitcoin traders getting liquidated in the past four hours.

Image: TradingView.

Meanwhile, the asset was followed by liquidations on $73 million worth of Ethereum (ETH) positions, $22 million of Binance Coin (BNB), and $11 million worth of Theta Network (THETA) positions. It’s a degen market indeed.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Secure your wealth: Invest in a Crypto Index Fund

Like what you see? Subscribe for updates.



Source link

Tags: BitcoinliquidatedMillionwicks

Laisser un commentaire Annuler la réponse

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Recommended.

Here’s the Crucial Level Bulls Need to Flip to Propel Bitcoin Higher

Here’s the Crucial Level Bulls Need to Flip to Propel Bitcoin Higher

janvier 6, 2021
Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900

Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900

février 18, 2021

Trending.

Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

décembre 3, 2020
DeFi Season? LINK, AAVE, ZRX and COMP Hit Record Price Highs, Outperforming Bitcoin

DeFi Season? LINK, AAVE, ZRX and COMP Hit Record Price Highs, Outperforming Bitcoin

février 5, 2021
Developers Implicated in Alleged Smart Contract ‘Rug Pull’

Developers Implicated in Alleged Smart Contract ‘Rug Pull’

décembre 2, 2020

The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

octobre 25, 2020
First Trust Advisors and SkyBridge Capital apply for Bitcoin ETF

First Trust Advisors and SkyBridge Capital apply for Bitcoin ETF

mars 20, 2021
RZO Magazine : Formation Ebooks Crypto univers

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Catégories

  • Apple
  • Applications
  • Audio
  • Camera
  • Computers
  • Gaming
  • Gear
  • Laptop
  • Microsoft
  • Photography
  • Review
  • Security
  • Smartphone
  • Uncategorized

Étiquettes

Ahead AllTime Analyst Analysts Apple Watch 2 Bank billion Bitcoin Bitcoins Blockchain BTC Bull Bullish Buying Guides CEO Coinbase crypto Data DeFi Digital Ether Ethereum Exchange fund Heres high Highs Hit Hits investors iOS 10 Litecoin Market Million Mining Mover Options Playstation 4 Pro Price Rally Record Sillicon Valley Trading Wrap XRP

Recent News

A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange

A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange

avril 13, 2021
Daily Bitcoin Transaction Volume Thriving, Nears Milestone $10 Billion

Daily Bitcoin Transaction Volume Thriving, Nears Milestone $10 Billion

avril 13, 2021
  • Our partners
  • Our team
  • Our editors
  • Contact

© 2020 All rights reserved RZO COIN Website created by Olivier Obé with Wordpress

No Result
View All Result
  • Home
  • Review
  • Apple
  • Applications
  • Computers
  • Gaming
  • Gear
    • Audio
    • Camera
    • Smartphone
  • Microsoft
  • Photography
  • Security

© 2020 All rights reserved RZO COIN Website created by Olivier Obé with Wordpress

en English
nl Dutchen Englishfr Frenchde Germanes Spanish