BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Crypto Liquidations Hit $700 Million: Is This Bullish or Bearish for Investors?

by Sham
January 8, 2025
in Crypto
A A
Crypto Liquidations Hit $700 Million: Is This Bullish or Bearish for Investors?
6
SHARES
Share on TwitterShare on Reddit

• Crypto liquidations totaled $712 million across 237,375 traders over the past 24 hours as Bitcoin’s price fell to $95k
• Bitcoin’s price drop was influenced by the correlation with the U.S. stock market downturn on January 7th
• Long positions accounted for 88.83% of the total liquidations, with $631.21 million cleared compared to $79.35 million in short positions

The world of cryptocurrencies experienced a significant upheaval as Bitcoin’s price dropped to $95,000, sparking a liquidation frenzy that exceeded $700 million. This incident illuminated the increasingly undeniable correlation between the US stock market and Bitcoin’s price trends. This article offers an in-depth examination of the liquidation scenario and its implications for the future of the cryptocurrency market.

JUST IN: $655 million in crypto has been liquidated over the last 24 hours

Major liquidations include:

• $BTC: $135 million

• $ETH: $115 million

• $SOL: $37 million

• $DOGE: $22 Million

• Other altcoins: +$356 million pic.twitter.com/YiuFrPTuqi

— BlockNews (@blocknewsdotcom) January 8, 2025

The Onset of the Liquidation Spree:

In a span of just 24 hours, the cryptocurrency market was subjected to unprecedented volatility, triggering liquidations that amounted to a staggering $712 million, affecting 237,375 traders. The data, obtained from Coinglass, reveals that long positions bore the brunt of the liquidations, accounting for 88.83% of the total.

Highlighting Key Players:

During this period of turmoil, Binance emerged as the platform contributing the highest activity, with $315.12 million in liquidations. This figure includes a single liquidation of an ETHUSDT order amounting to $17.74 million, representing the largest order during this period.

The Role of the US Stock Market:

The liquidation surge was primarily triggered by the opening of the US stock market on January 8. Bitcoin, which was trading at around $102,500 early in the day, fell towards $100,000 as the US market opened. This was a reaction to the significant downturn the US stock market experienced on January 7, where all major indices closed lower.

The Aftermath and Future Implications:

The severe sell-off and subsequent liquidation cascade underscored the market’s vulnerability and traders’ misjudgment of the US market’s influence on Bitcoin. The drastic fluctuations in trading volumes amplified the impact of the liquidations, demonstrating a critical lesson for future trading practices. As Bitcoin continues to consolidate, the resistance and support levels remain key markers.

Conclusion:

While the liquidation spree has highlighted the inherent risks and volatility of the cryptocurrency market, it also serves as a critical reminder of the influence other financial markets can have on cryptocurrency prices. As traders continue to navigate this volatile landscape, they must remain diligent and attentive to the ever-evolving correlations between various financial markets.

Tags: BinanceBitcoincryptoCryptocurrenciesliquidations
Tweet2ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?
Crypto

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent
Crypto

U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent

May 7, 2025
Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why
Crypto

Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why

May 7, 2025
Unlocking New Cross-Chain Potential: BitcoinOS Brings the $BOS Airdrop to the Cardano Community
Bitcoin

Unlocking New Cross-Chain Potential: BitcoinOS Brings the $BOS Airdrop to the Cardano Community

May 7, 2025
Load More

Related News

JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.