Bitcoin (BTC) Drops To $20,000 Levels: Nearly $400 Million Liquidated In The Last 24-Hour Period

According to data from Coinglass, $374 million futures positions have been liquidated in the past 24 hours. The majority of the liquidations are positions on the OKEX exchange.

Bitcoin price on August 26 is approx. 6.50%exhibited a decline. Seeing the lowest price of Bitcoin in the last 1 month caused activity in the market. Bitcoin price weekly with this drop MA200 moving average is under his support. Ethereum price 1500 dollars level and bitcoin price $20,000 There were major liquidations in the market as the market regressed to its level.

coinglass According to the data, at the time of writing the article, within a 24-hour period, a total of 374 million dollar position was liquidated. 120,200 different users In this short period of liquidation one-off liquidation biggest position $3.49 million with okex on the stock market BTC/USDT occurred on par.

Positions in liquidation $163.16 million In Ethereum, $95.26 million In Bitcoin, $17.48 million On Ethereum Classic, 8.40 million dollar was on Solana.

When the data on all cryptocurrencies are examined $288 million in 24 hours While the long (long) position is liquidated, the total value of the positions liquidated on the short (short) side $85 million corresponds. Total liquidation volume of $374 million $164.16 million okex took place on the stock exchange. Popular cryptocurrency exchange ranked 2nd in 24-hour liquidation volume Binance if on $88.86 million There appears to be a total liquidation.

Bitcoin-focused past Short/long position covering 24 hours When we look at the data, users 48.74%at the rate of long, 51.26%at the rate of short It turns out that he took a directional position.

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