CDS Crypto News Amid Severe Market Volatility, Liquidity on Central Exchanges Increased in the Last 24 Hours
Crypto News

Amid Severe Market Volatility, Liquidity on Central Exchanges Increased in the Last 24 Hours

In a single day, severe market volatility result in $138 million worth of liquidations on centralized exchanges.

74
Amid Severe Market Volatility, Liquidity on Central Exchanges Increased in the Last 24 Hours

Crypto News – Over $138 million worth of leveraged cryptocurrency positions have been liquidated in the last 24 hours due to increased market volatility.

Amid Severe Market Volatility, Liquidity on Central Exchanges Increased in the Last 24 Hours

According to Coinglass statistics, the majority of liquidations involved bullish positions, which resulted in a loss of over $120 million, while short positions only made up about $18 million of the total liquidations.

The Bitcoin price has fallen below $41,000 in the last day, a decrease of more than 2.5%. Bitcoin’s price spiked above $48,000 following the approvals on January 10 and then had a precipitous decline to about $43,000. A further slide below the $40,000 threshold is now anticipated by several analysts.

Majority of BTC Liquidations Belong to Long Positions

Since the SEC approved various spot Bitcoin ETFs, the annualized volatility of bitcoin has grown. The Block’s Data Dashboard shows that annualized Bitcoin volatility was approximately 46% before acceptance, while it is currently above 52%.

The volatility has led to the liquidation of almost $30 million worth of leveraged Bitcoin positions. The majority of BTC liquidations are longs, with over $24 million in Bitcoin’s long positions wiped out in the past 24 hours, per Coinglass data.

Amid Severe Market Volatility, Liquidity on Central Exchanges Increased in the Last 24 Hours
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Bitcoin Mining CEOs Stay ‘Optimistic’ Ahead of Halving, Reports Bernstein

None of the publicly traded mining companies have managed to outperform Bitcoin...

SLERF and MEW Crypto Led the Rise of Solana Meme Coins Due to Whale Movements

SLERF and MEW crypto were notable for their rises.

Geopolitical Tensions Sank the Sector, but Solana Spearheaded the Recovery

Solana spearheaded the recovery, and the cryptocurrency market recovered a bit.

Crypto Market’s Potential Rebound: Awaiting This Week’s Economic Data and Earnings

In the upcoming week, the US economic calendar brims with anticipation, featuring...