skip to Main Content
bitcoin
Bitcoin (BTC) $ 98,409.37 5.74%
ethereum
Ethereum (ETH) $ 3,505.09 6.59%
tether
Tether (USDT) $ 0.999891 0.14%
xrp
XRP (XRP) $ 2.32 8.04%
bnb
BNB (BNB) $ 695.36 3.02%
solana
Solana (SOL) $ 197.29 8.04%
dogecoin
Dogecoin (DOGE) $ 0.335322 9.60%
usd-coin
USDC (USDC) $ 1.00 0.22%
staked-ether
Lido Staked Ether (STETH) $ 3,495.48 6.45%
cardano
Cardano (ADA) $ 0.941887 8.22%

Bitcoin Dips Below $57K, ETH Sub $4K: $120 Million Liquidated in an Hour

The cryptocurrency market continues to decline as Bitcoin’s price dipped below $57K, while Ethereum reached as low as $3,950 on Binance. This left around $120 million liquidated in just an hour.

  • The bitcoin price is now down 5% in the past 24 hours and 12% in the past week as it dipped below $57K moments ago.
  • This is the lowest BTC has been trading at since October 28th.
img1_btc
Chart by TradingView
  • In the meantime, Ethereum’s price also took a beating as it dipped below $4K and reached $3,950. The cryptocurrency is down 5.1% in a day and 13.5% in a week.
  • Data from Bybt shows that this latest dump led to about $120 million worth of liquidated positions in the past hour, about 40% of which came from BTC alone.
  • The total amount of liquidations for the day is $431 million.
  • The largest single liquidation order took place on Bitmex – it was a BTC/USD position with a face value of $7.2 million.
  • 80% of the liquidations in the last hour were of long positions, where the leading exchange in terms of it is Binance, followed by FTX and Bybit.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top