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Today, Nov. 27, Bitcoin slipped below the $37,000 mark, recording its lowest value since Nov. 22., reaching $36,800. This plunge led to a considerable ripple effect, causing the crypto market to witness liquidations worth $130 million, according to Coinglass<\/a>.<\/p>\n A substantial portion of these liquidations, approximately $100 million, were from long positions. Binance oversaw the lion\u2019s share of these liquidations, accounting for nearly $55 million, according to Coinglass.<\/p>\n Analyzing the Binance BTC\/USDT Liquidation Heatmap reveals a significant amount of leverage, approximately $20 million, at the $36,700 mark. Furthermore, there is leverage extended down to $36,300. Consequently, if Bitcoin\u2019s price were to decrease further, we could anticipate a subsequent escalation in price reduction and extensive wipeout of leverage.<\/p>\n The post Binance carries the brunt of $130M crypto market liquidation wave<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take Today, Nov. 27, Bitcoin slipped below the $37,000 mark, recording its lowest value since Nov. 22., reaching $36,800. This plunge led to a considerable ripple effect, causing the crypto market to witness liquidations worth $130 million, according to Coinglass. A substantial portion of these liquidations, approximately $100 million, were from long positions. Binance […]<\/p>\n","protected":false},"author":2,"featured_media":201518,"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-201517","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\/201517","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=201517"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/201517\/revisions"}],"predecessor-version":[{"id":201519,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/201517\/revisions\/201519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/201518"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=201517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=201517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=201517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}