Categories: News

The sharp drop in Bitcoin (BTC) price caused a $ 500 million liquidation!

Bitcoin (BTC) price has recently experienced a very heavy decline, astonishing investors. This decline, which deeply affected the investors, made the cryptocurrency market almost bleed.

“Orange Money” Sees Under $ 6,000

According to CoinMarketCap, most of the top 10 cryptocurrencies lost more than 30 percent, while the biggest cryptocurrency Bitcoin fell below $ 6,000 for the first time since May last year, losing more than $ 2,000 in minutes.

This situation, which caused deep wounds in spot markets, also caused great disaster in futures markets. A 500 million dollar long position was liquidated on the leading leveraged cryptocurrency exchange BitMEX.

According to data from Skew.com, the sharp drop in Bitcoin (BTC) price has removed many traders from the market. It is not yet clear how much liquidation is in other transaction pairs in BitMEX.

Even though in the minority, some analysts were expecting such a sharp decline before the half-time, but the shortfall recorded in a short time surprised even the most prepared.

Miners Hashrate

Recent Posts

Mining RTX 3070 at NiceHash: Overclocking, tuning, profitability, consumption

Mining on RTX 3070. Overclocking, tuning, profitability, consumption: If you are interested in finding more…

6 months ago

Mining GTX 1660, 1660 Ti, 1660 Super: Overclocking, settings, consumption

Mining with GTX 1660, 1660 Ti, 1660 Super. Overclocking, settings, consumption, profitability, comparisons - If…

6 months ago

Mining RTX 2070 and 2070 Super: Overclocking, profitability, consumption

Mining with RTX 2070 and 2070 Super. Overclocking, profitability, consumption, comparison What the RTX 2070…

6 months ago

Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption

Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption, profitability, comparison Let's look at…

6 months ago

Alphacool Eisblock Aurora Acryl GPX-A Sapphire – test: 2.8 GHz++ are not an issue

Alphacool Eisblock Aurora Acryl GPX-A (2022) with Sapphire Radeon RX 6950 XT Nitro+ Pure in…

6 months ago

Corporate Crypto Strategies 4.0: Leading with Bitcoin Expertise

In the ever-evolving landscape of business strategy, Bitcoin has emerged as a pivotal asset. With…

6 months ago

This website uses cookies.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5420

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5420