Rising rapidly in recent days Bitcoin( BTC) created a shock effect on the liquidation data by making a correction of nearly 9 percent during the night.
The price of the sharp rise has been paid!
Almost breathless rise since $28,000 BTC It eventually experienced a harsh correction. The pioneer of cryptocurrencies, which started its downward movement at 23:00, shot up to $ 40,263 immediately after the daily close, recording a total decrease of 8.73 percent. This value, which is an incredible rate for BTC, naturally caused the liquidation amounts to soar. Especially the crypto investors who took “long” transactions were greatly disappointed.
They don’t tolerate the rise easily!
Altcoins were shaken by BTC’s price movement of almost 9 percent. $403.93 million worth of transactions were liquidated in the last 24 hours. Of this amount, $350.62 million was long transactions and $53.30 million was short transactions. While 117,795 investors were liquidated, the biggest loss in a single transaction was OKXIt was recorded as 8.23 million dollars in BTC/USDT parity on the stock exchange.
Stock market liquidations were surprising with the data coming from OKX. The highest liquidation was recorded on the OKX exchange with a total of 170.73 million dollars. Long positions accounted for 91.04 percent of this amount. In Binance, the liquidity of the $127.78 million transaction was taken, while $103.51 million of these transactions came from long transactions and $24.27 million came from short transactions.
Another striking data came from Bybit. It has been observed that users on Bybit are a little more cautious about looking bullish. While more than 80 percent of the liquidity in other crypto exchanges was long-oriented, Bybit remained below this value and attracted attention with 79.54 percent.
