PiCK

Summary

  • Bitcoin’s price plunged below $68,000, triggering large-scale liquidations in the futures market.
  • Over the past 24 hours, positions worth a total of $1.62 billion were forcibly liquidated across the cryptocurrency futures market.
  • Of that, about $901 million in Bitcoin long positions was liquidated, while Bitcoin was trading at $68,668.

Forecast Trend Report by Period

Bitcoin fell sharply below $68,000, triggering more than $1.62 billion in liquidations across the cryptocurrency futures market.

Data from crypto analytics firm CoinGlass on November 13 showed that $1.62 billion worth of positions were forcibly liquidated in the past 24 hours.

Of that total, about $1.46 billion came from long positions, or bets on prices rising, accounting for roughly 90% of all liquidations. Bitcoin long positions alone accounted for about $901 million.

As of 3:25 p.m., Bitcoin was trading at $68,668, down 6.75% from a day earlier, according to CoinMarketCap.

Uk Jin