CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$47,459.00
  • ethereum
    ETH$1,485.62
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » $900 Million Liquidated in 24 Hours as Bitcoin Plunges Toward $30K

    $900 Million Liquidated in 24 Hours as Bitcoin Plunges Toward $30K

    Author: George Georgiev

    Last Updated Jan 21, 2021 @ 13:22

    The past 24 hours saw a total of about $900 million in liquidations as Bitcoin’s price seems to be headed toward $30,000.

    The last 24 hours have been undoubtedly going in favor of the bears. That’s according to data concerning the total liquidated positions in the past day as Bitcoin’s price is seemingly headed towards $30,000.

    • In less than a day, the cryptocurrency derivatives market saw a total of $900 million worth of both long and short positions liquidated.
    • Given the nature of the market, it’s no surprise that most of the volume comes from liquidated long positions, which account for 80.77% of all or roughly around $725 million.
    • In other words, it appears that the bears are on top during the last 24 hours.
    • The majority of the liquidations came from the Bitcoin derivatives market, accounting for about $647 million, according to the most recent data.
    • Second is Ethereum with about $161 million, followed by Litecoin, Polkadot, Bitcoin Cash, and Ripple.
    liquidations_data
    Liquidation Data. Source: Bybt
    • As seen in the above picture, the bulk of the liquidations (40.76%) came from Binance. Interestingly enough, Bybit is now the second-largest exchange when it comes to liquidation volumes as it managed to replace Huobi. OKEx follows in fourth place.
    • It’s also worth noting that about $72 million were liquidated in the past hour alone, with the largest single liquidation order taking place on OKEx’s BTC market with a face value of $5.34 million.
    • It’s interesting to see how the market will develop and whether a dump to $30K is ultimately imminent.
    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • BitcoinEthereumSquarePayPal
      The Digital Age Is Here: Crypto And Fintech Companies Soar, While Bank Stocks Tank
    • roller_coaster_cover
      Rollercoaster: $340M Long Positions Liquidated as Bitcoin Price Crashed $3000 In Hours
    • Almost $400 Million Short Positions Liquidated as Bitcoin Price Blasts Through $20,000
    Tags: Bitcoin Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

  • bitcoin
    BTC$47,459.00
  • ethereum
    ETH$1,485.62
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    pionexb
    2local
    Bitcoin Editorials
    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!