{"id":180794,"date":"2023-10-25T18:17:58","date_gmt":"2023-10-25T12:47:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180794"},"modified":"2023-10-25T18:17:58","modified_gmt":"2023-10-25T12:47:58","slug":"bitcoin-liquidations-total-310-million-in-the-past-two-days-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-liquidations-total-310-million-in-the-past-two-days-crypto-news\/","title":{"rendered":"Bitcoin liquidations total $310 million in the past two days &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>The recent surge in Bitcoin\u2019s price has triggered a remarkable volume of<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/bitcoins-climb-past-35000-triggered-over-221-million-in-liquidations\/\"> liquidations<\/a>. On Oct. 23, Bitcoin-specific liquidations amounted to $160 million, contributing to $190 million in liquidations that day. This trend persisted into Oct. 24, with short liquidations totaling $70 million and long liquidations totaling $50 million. Comprehensively, the liquidations for these two days amounted to an impressive $310 million.<\/p>\n<figure id=\"attachment_367912\" aria-describedby=\"caption-attachment-367912\" style=\"width: 1170px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-367912\" class=\"wp-caption-text\">BTC Liquidations: (Source: Coinglass)<\/figcaption><\/figure>\n<p>This event registers as one of the most significant liquidations for the year. In comparison, other notable occurrences include the instance in January when Bitcoin\u2019s price escalated from $16,000 to $20,000 and the period following the SVB collapse in March, where Bitcoin\u2019s rebound from $20,000 to $27,000 instigated a substantial number of liquidations.<\/p>\n<p>With these recent short liquidations, it\u2019s pertinent to note that the largest long liquidation event occurred in August. This was when we witnessed long liquidations exceeding $210 million, coinciding with the price drop from $30,000 to $25,000.<\/p>\n<figure id=\"attachment_367915\" aria-describedby=\"caption-attachment-367915\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-367915 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/10\/SL.png\" alt=\"Total Liquidations: (Source: Glassnode)\" width=\"1800\" height=\"1013\" \/><figcaption id=\"caption-attachment-367915\" class=\"wp-caption-text\">Total Liquidations: (Source: Glassnode)<\/figcaption><\/figure>\n<p>The data signifies a direct correlation between sharp price movements in Bitcoin and the volume of liquidations.<\/p>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/bitcoin-liquidations-total-310-million-in-the-past-two-days\/\">Bitcoin liquidations total $310 million in the past two days<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take The recent surge in Bitcoin\u2019s price has triggered a remarkable volume of liquidations. On Oct. 23, Bitcoin-specific liquidations amounted to $160 million, contributing to $190 million in liquidations that day. This trend persisted into Oct. 24, with short liquidations totaling $70 million and long liquidations totaling $50 million. Comprehensively, the liquidations for these [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":180795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180794"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180794\/revisions"}],"predecessor-version":[{"id":180796,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180794\/revisions\/180796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180795"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}