{"id":293497,"date":"2024-05-01T15:46:45","date_gmt":"2024-05-01T10:16:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=293497"},"modified":"2024-05-01T15:46:45","modified_gmt":"2024-05-01T10:16:45","slug":"bitcoin-falls-below-57k-as-13-billion-in-leveraged-shorts-placed-on-major-exchanges-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-falls-below-57k-as-13-billion-in-leveraged-shorts-placed-on-major-exchanges-crypto-news\/","title":{"rendered":"Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>Since February, Bitcoin has fallen to its lowest price, breaking below $60,000 and hitting $56,900 as of press time. The price is now 23% below its recent pre-halving all-time high of $73,000.<\/p>\n<figure id=\"attachment_416029\" aria-describedby=\"caption-attachment-416029\" style=\"width: 1892px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-416029\" class=\"wp-caption-text\">Bitcoin price November to May (TradingView)<\/figcaption><\/figure>\n<p>Data from Coinglass shows that Binance, the most liquid exchange for Bitcoin trading, has several buy walls in the order book down to around $50,000. Each yellow line represents at least 200 BTC in orders, roughly $11.5 million.<\/p>\n<figure id=\"attachment_416032\" aria-describedby=\"caption-attachment-416032\" style=\"width: 2796px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-416032 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-01-at-09.24.05.png\" alt=\"Bitcoin liquidity on Binance (Coinglass)\" width=\"2796\" height=\"1319\" \/><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-416032 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-01-at-09.24.05.png\" alt=\"Bitcoin liquidity on Binance (Coinglass)\" width=\"2796\" height=\"1319\" data-sizes=\"(max-width: 2796px) 100vw, 2796px\" \/><figcaption id=\"caption-attachment-416032\" class=\"wp-caption-text\">Bitcoin liquidity on Binance (Coinglass)<\/figcaption><\/figure>\n<p>The liquidation map for Bitcoin across Binance, OKX, and Bybit shows almost $4 billion of leverage in notional value over the past day. Much of the leverage comes in the form of short positions held above $61,000.<\/p>\n<figure id=\"attachment_416034\" aria-describedby=\"caption-attachment-416034\" style=\"width: 2216px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-416034 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-01-at-09.35.19.png\" alt=\"Bitcoin liquidation heatmap (Coinglass)\" width=\"2216\" height=\"878\" \/><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-416034 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-01-at-09.35.19.png\" alt=\"Bitcoin liquidation heatmap (Coinglass)\" width=\"2216\" height=\"878\" data-sizes=\"(max-width: 2216px) 100vw, 2216px\" \/><figcaption id=\"caption-attachment-416034\" class=\"wp-caption-text\">Bitcoin liquidation map (Coinglass)<\/figcaption><\/figure>\n<p>Over the past 30 days, almost $13 billion worth of leveraged short positions have been placed between $57,000 and $72,000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-416036\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-01-at-09.40.01.png\" alt=\"\" width=\"2228\" height=\"886\" \/><img loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter size-full wp-image-416036\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-01-at-09.40.01.png\" alt=\"\" width=\"2228\" height=\"886\" data-sizes=\"(max-width: 2228px) 100vw, 2228px\" \/><\/p>\n<p>\u00a0<\/p>\n<div class=\"footer-disclaimer\">\n<p><strong>Disclaimer:<\/strong> Our writers&#8217; opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Since February, Bitcoin has fallen to its lowest price, breaking below $60,000 and hitting $56,900 as of press time. The price is now 23% below its recent pre-halving all-time high of $73,000. Bitcoin price November to May (TradingView) Data from Coinglass shows that Binance, the most liquid exchange for Bitcoin trading, has several buy walls [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":293498,"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-293497","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\/293497","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=293497"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/293497\/revisions"}],"predecessor-version":[{"id":293500,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/293497\/revisions\/293500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/293498"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=293497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=293497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=293497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}