Bitcoin fell to $35000, traders closed $300 million

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The total clearing amount of the cryptocurrency market in the past 24 hours has exceeded $300 million.

The majority of forced liquidation positions are Bitcoin (BTC) and Ethereum (ETH).

Bitcoin prices plummeted to $35000, causing traders to lose $121 million. Market participants who opened long positions in Ethereum also suffered significant losses. The second largest cryptocurrency by market value fell below $2000, causing them to lose $64.1 million.

The leader in the clearing of counterfeit coins is the native token of Solana blockchain: due to SOL, traders lost $13.03 million.

More than 90% of the clearing is distributed between OKX, Bybit, and Binance. OKX executed the largest order. The transaction closed the long position of BTC/USDT at a price of 9.45 million US dollars.

Previously, Bitcoin prices fell significantly by over 5% and tested the $35000 mark. The US consumer price index data was released before the decline. As of the time of writing, the largest cryptocurrency price has recovered to $35896.

At the same time, long positions still dominate the market, indicating that traders are confident in the prospects for further growth in the special currency. Moreover, by 2023, the number of Bitcoin wallets with total tokens exceeding $1 million has tripled.

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