The sharp decline that followed the great rise in Bitcoin (BTC) resulted in investors liquidating hundreds of millions of dollars.
Bitcoin started to rise sharply yesterday morning, along with rumors that BlackRock, the world’s largest investment company, will apply for a spot Ethereum ETF. for 38 thousand dollars came up. Ethereum price also rose with the same news $2,000 He climbed on it.
Later, a sharp correction occurred in Bitcoin and many altcoins were affected by this situation. What happened in Bitcoin? 6% decline many 20% to altcoin reflected as. Prices recover slightly even if he lives could not reach the peaks.
While the 2 thousand dollar movement in Bitcoin affects the entire cryptocurrency market, according to Coinglass data in the last 24 hours in total $430 million was liquidated.
In liquidations $118 million with Bitcoin while leading him $75 million with Ethereum (ETH) followed. In altcoins, the biggest money losses are in order: 20 million dollars with Solana (LEFT), $11 million with Gas (GAS) And $11 million with At Tellor Tributes (TRB) happened.
The vast majority of liquidated positions $221 million with long When creating positions 207 million dollars in short position liquidation happened.
CoinGecko according to data BitcoinAt the time the news was written 0.3% with depreciation from $36,643 is being traded. Ethereum reached its peak in the last 7 months with the BlackRock application becoming official. to $2,132 reached. ETH, at the time of writing from $2,109 finds buyers.