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$15 Million Liquidated in 15 Minutes after Bitcoin Price Rejection from $35,500



Bitcoin (BTC)

Bitcoin, the largest cryptocurrency by market capitalization, drops around $1150 after reaching a 24h high of $35,937. According to CoinMarketCap data, the 24h high and low for BTC price is $35,937 and $34,089 respectively.

As the Bitcoin price got a rejection from $35,500 which resulted in huge liquidations of long positions. According to the data from bybt, which shows that around $14.95 million long positions got liquidated when the BTC price fall from $35293 to $34960 in just 15 minutes.

The data shows that around $8.62 million of long liquidated on Bybit. Huobi and OKEx followed the same with long liquidations of $2.39 million and $2.18 million respectively.

bybt bitcoin liquidation data

The BTC price at press time is $34,368 with a market cap of $644,470,673,975 as per CoinMarketCap. The dominance of Bitcoin is 44.8% while that of Ethereum is 18.5%.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.