There was a sudden regression in the crypto money market and the Bitcoin price lost about 2% in minutes.
BTC, which was at the $ 25,900 border before the decline, fell to approximately $ 25,300 after the depreciation. The exact reason for the decline is unknown, but it appears to be a continuation of the bearish wave that started last Thursday.
Along with the sudden drop, there was also a large amount of liquidation in the cryptocurrency market. According to the data, liquidation of $ 35.77 million took place in the last hour, and the majority of them, $ 34.35 million, were in long positions.
If analyzed individually, it is seen that the largest liquidation occurred in Ethereum with approximately $ 14 million, followed by Bitcoin with $ 10.50 million, and among other altcoins, LDO, DOGE and SOL, respectively.
Among the liquidations, OKX with $ 16 million per head, Binance with $ 8 million and Huobi with $ 5.33 million are attracted by the exchange.
On the altcoin side, among the top 100 altcoins, RUNE (4.32%), AKT (3.83%), and IMX (2.09%) were the ones that lost the most in price in the last drop. Among the meme tokens, the highest depreciation was recorded as the Shiba Inu, which declined by 1.82%.
*Not investment advice.