The largest cryptocurrency by market value rose to $30000 earlier in the day, causing short sellers to close their positions by over $70 million in the past 24 hours.Nearly $200 million in liquidationAccording to Coinglas' data, the cryptocurrency market has cleared $195 million in the past four hours, with over 77000 traders cleared
The largest cryptocurrency by market value rose to $30000 earlier in the day, causing short sellers to close their positions by over $70 million in the past 24 hours.
Nearly $200 million in liquidation
According to Coinglas' data, the cryptocurrency market has cleared $195 million in the past four hours, with over 77000 traders cleared.
Bitcoin saw $72.05 million in the past hour, while Ethereum saw $28.75 million. Other assets, such as Dogecoin, Arbitrum, Chainlink, XRP, Litecoin and Solana, have gone through liquidation of less than $4 million.
The largest liquidation occurred on BitMEX on XBT, valued at $5.05 million.
According to CryptoSlate data, after the rebound in the past three days, the price of Bitcoin has also dropped to $27k, from nearly $31k on April 14th to $26960 on April 24th.
As of 8:30 pm UTC, BTC's pricing is $27510. The overall price of Bitcoin has fallen by nearly 2.5% in the past 24 hours.
Other major assets have also depreciated. ETH fell nearly 2%, while BNB fell 2.3%, XRP fell 4.7%, and DOGE fell 3.6%.
Transfer trading deposits to the exchange
Arkham Intelligence stated on Twitter that JumpTrading is a renowned market maker that has deposited $26.6 million worth of BTC into various redemption deposit addresses in the past hour.
Most of these funds were sent to Binance, and JumpTrading transferred $23.7 million to their BTC deposit address.
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