According to data from Coinglass, Bitcoin (BTC) fell below two psychological price barriers — $30,000 and $29,000 — in the past 24 hours, resulting in $66.14 million worth of long position liquidations.
In the broader cryptocurrency market, liquidations totaled $300.1 million over the past 24 hours.
Most liquidations happen on OKX, Binance and ByBit. Three exchanges accounted for more than 80% of all liquidations – 89% of which were long positions. Other exchanges such as Huobi, CoinEx, and Bitmex also saw huge liquidations.
According to data from Coinglass, 88,379 traders were liquidated — the most significant liquidation being Binance’s $3.92 million LTC-USDT long position.
Other liquidated assets included ethereum (ETH) and litecoin (LTC) — $69.09 million and $12.2 million, respectively. Others such as Dogecoin (DOGE) liquidated $12.49 million, while Solana (SOL), Arbitrum (ARB) and XRP liquidated less than $10 million each.
Bitcoin falls below $29,000
Over the past 24 hours, the leading digital asset has dropped to as low as $28,882 at press time.
During this period, Bitcoin saw an inflow of $28.3 million. Glassnode data shows that while $775.6 million in bitcoin was sent to crypto exchanges during the reporting period, investors withdrew $747.3 million as bears took over the market.
whale wake up
A Bitcoin wallet that has been dormant for over 9 years recently sent 2,071.5 BTC (worth over $60 million).
The address received a total of 6,071.5 BTC in late 2013, when the cryptocurrency’s price was hovering around $663.
Lookonchain revealed that the mysterious whale transferred the assets on April 20 after the wallet “hibernated” for 9 years and 4 months.
The whale owns 6,071.5 BTC ($178 million) and has transferred 2,071.5 BTC ($60.7 million) to addresses starting with “bc1q” today.
The whale has 6,071.5 $bitcoin($178M) 2,071.5 transfers that have been dormant for 9.3 years $bitcoin($60.7 million) goes on sale today.
while 2,071.5 $bitcoin It was eventually transferred to an address beginning with “bc1q”.
Whale gets 6,071.5 $bitcoin On December 19, 2013, the price was $663. pic.twitter.com/CBpoIy2mEk
— Lookonchain (@lookonchain) April 20, 2023
On December 19th (the date the wallet initially received the funds), the full value of the 6,071.5 BTC was approximately $4 million. Currently, they are worth about $176 million.
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