#bitcoin liquidation

Bitcoin Drops Close to Its June 2022-Low, Major Liquidations Take Place

The world’s largest cryptocurrency Bitcoin (BTC) has entered a strong correction dropping further to its June 2022 lows. As of press time, Bitcoin is trading 5.7% down at $18,662 with a market cap of $357 billion. The BTC price drop in the last 24 hours is in sync with the broader market correction as the total crypto market cap drops once again under $1 trillion. The growing uncertainty in…

Crypto Market Mayhem Leads to Liquidation of $3.8B in leveraged position

Bitcoin price correction continued with the opening of the US markets as the top cryptocurrency fell to a new three-month low of below $38,000. The price correction also reached its highest this bull season down 41% from its last month’s ATH. The massive sell-off was not just limited to Bitcoin as most of the altcoins suffered equally and recorded a retrace of more than 15%. The crypto market…

Is BTC Correction Over? Bitcoin Reserves on Exchanges Down by 12% Despite Recent Sell-Off

Bitcoin price today bounced back above $57K recovering nearly $3,000 after a record weekend liquidation spree and sell-off. The Sunday liquidation saw nearly $9.79 billion worth of crypto long positions getting rekt, making it one of the biggest liquidations in crypto history. The reason for the sell-off was attributed to several FUD including Coinbase founders selling their stock to the recent…