Bitcoin (BTC) With the sudden decline, the price lost 3% of its value within minutes and fell to $ 68,500 at its bottom.
It is estimated that the reason for the decline was the live organized by RoaringKitty, the most well-known influencer of GameStop shares. The live broadcast in question is followed by approximately half a million people and is also broadcast live on economic giant channels such as CNBC.
During RoaringKitty’s live broadcast, GameStop shares fell sharply, bringing the influencer’s total stake to $235 million. The shares in question can be considered equivalent to memecoins in the cryptocurrency industry.
In addition, the data shows that there has been a heavy liquidation of approximately 300 million dollars in the cryptocurrency market in the last hour. $285 million of the liquidations are in long positions and the rest are in short positions. However, it is noteworthy that a significant portion of the liquidations are in other altcoins such as Bitcoin, Ethereum, Dogecoin and Solana.
![](https://www.bitcoinsistemi.com/wp-content/uploads/2024/06/likidasyon-altcoinler.png.webp)
![](https://www.bitcoinsistemi.com/wp-content/uploads/2024/06/likidasyon-altcoinler.png.webp)
It is thought that most liquidations occurred in low market value memecoins.
The liquidation amount in Bitcoin is limited to 44 million dollars.
*This is not investment advice.
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