Editor's PiCK
Bitcoin Falls Below $75,000... Futures Liquidation Nears $410 Million in 4 Hours
YM Lee
Summary
- It was reported that Bitcoin fell to the $75,000 level.
- It was stated that large-scale long position liquidations due to the sharp decline amounted to $413 million.
- In particular, it was noted that long position liquidations accounted for 95.14% of the total liquidation amount.
Bitcoin (BTC) is experiencing a sharp decline due to the aftermath of Trump's reciprocal tariff bomb.
As of the 7th, Bitcoin (BTC) is trading at $75,000 on the Binance Tether (USDT) market, down 9.80% from the previous day. The decline in altcoins is even more severe. Ethereum (ETH) is trading at $1,459, down 19.04% from the previous day, and XRP is trading at $1.6731, down 21.24%.
The sharp decline is also leading to large-scale futures position liquidations. According to data from the on-chain cryptocurrency platform Coinglass, futures position liquidations in the past 4 hours have totaled $413 million, with long positions accounting for 95.14% of that.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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