1.6 C
7 December 2023
Image default

$190 Million Worth of BTC Liquidated on Binance While Bitcoin Drops Back to $30,000 Zone

A mammoth-sized amount of BTC positions has been liquidated on Binance causing Bitcoin to drop back to the $30,000 area.

Glassnode analytics team has reported that within just ten minutes’ whales have liquidated a $190 million worth of Bitcoin futures on Binance.


Image via Twitter

The liquidation of Bitcoin futures has pushed the flagship cryptocurrency back to where it was two days ago – to the range between $30,000 and $30,400, losing as much as 17 percent, making it lose the recent stellar gains.

But first Bitcoin went as low as $28,000. At press-time, BTC is changing hands at $29,608.

BTCImage via TradingView

News Source

Related posts

Bitcoin price analysis: BTC continues to respect $29,500, reversal to follow?


Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: ETH/USD and XRP/USD lack resistance levels–Confluence Detector


Will the optimism around Bitcoin help prices post 2024 halving?