Tags : liquidated

Cryptocurrency

Amazon rumours lead to $1 billion in crypto ‘shorts’ getting

Data from market tool Bybt shows nearly $1 billion worth of ‘short’ traders—individuals betting on a market decline—were liquidated this morning, with $750 million of that amount coming from Bitcoin trades alone. It came on the back of crypto circles sharing an uncanny development on social media: That of global online marketplace Amazon ‘definitely’ accepting […]Read More

Bitcoin

$7 million ‘liquidated’ after Bitcoin drops $1,000 in 30 minutes

Bitcoin fell $1,000 this morning in a sudden drop, taking along with the rest of the crypto and racking up $7 million in ‘liquidations,’ data from several sources shows. ‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges […]Read More

Cryptocurrency

$3.7 billion liquidated as crypto markets react to Biden’s tax

Over $3 billion worth of crypto positions were liquidated this morning amidst a broader sell-off, data from multiple sources showed. Some market watchers attributed the drop to a proposal made by US president Joe Biden yesterday. The crypto drop ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place […]Read More

Bitcoin

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

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 Crypto traders were in for a tough surprise on Wednesday morning after a sudden market drop […]Read More

Bitcoin

$1.6 billion liquidated after Bitcoin briefly falls under $54,000

Bitcoin fell to under $54,000 in the morning hours amidst a broader sell-off in the crypto market. The asset later recovered slightly and traded over $54,700 at press time. Bitcoin….gone Data from markets tool Bybt showed over $1.6 billion worth of crypto positions were ‘liquidated’ as a result of the price plunge, with $953 million […]Read More