PiCK
Bitcoin Plunges Below $68,000, Triggering $1.62 Billion in Futures Liquidations
Uk Jin
Summary
- Bitcoin’s price plunged below $68,000, triggering large-scale liquidations in the futures market.
- Over the past 24 hours, positions worth a total of $1.62 billion were forcibly liquidated across the cryptocurrency futures market.
- Of that, about $901 million in Bitcoin long positions was liquidated, while Bitcoin was trading at $68,668.
Forecast Trend Report by Period
Bitcoin fell sharply below $68,000, triggering more than $1.62 billion in liquidations across the cryptocurrency futures market.
Data from crypto analytics firm CoinGlass on November 13 showed that $1.62 billion worth of positions were forcibly liquidated in the past 24 hours.
Of that total, about $1.46 billion came from long positions, or bets on prices rising, accounting for roughly 90% of all liquidations. Bitcoin long positions alone accounted for about $901 million.
As of 3:25 p.m., Bitcoin was trading at $68,668, down 6.75% from a day earlier, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.