$185M Liquidated In Crypto Sell-Off As Bitcoin, Ethereum, Dogecoin Plummet Amid Volatile Market
Portfolio Pulse from Mehab Qureshi
The cryptocurrency market experienced significant liquidations totaling over $185.97 million in the past 24 hours, affecting 51,217 traders. Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw the highest liquidation values. Prominent firms such as Jump Trading, Wintermute, and Abraxas Capital made substantial deposits of cryptocurrencies during the market sell-off. The downturn coincided with concerns about FTX potentially liquidating its $3.4 billion crypto holdings.
September 12, 2023 | 5:08 am
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NEGATIVE IMPACT
Bitcoin experienced the highest liquidation value of over $86 million. It was down by 1.12%.
The high liquidation value and the decrease in price indicate a negative short-term impact on Bitcoin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin had over $2.44 million in liquidations and was down by 0.10%.
The liquidation value and the slight decrease in price suggest a negative short-term impact on Dogecoin.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Ethereum saw a liquidation value of $36 million and was down by 2.33%.
The significant liquidation value and the decrease in price suggest a negative short-term impact on Ethereum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100