Bitcoin, which has been struggling to protect $30,000 for a while, has lost this level in the last 1 hour.
While Bitcoin regressed to $29,000 with a $1000 drop in a short time, we see that the losses in altcoins are around 10% on average.
Ethereum, which had risen to $2140 after the Shanghai upgrade, also fell to $1967 with this decline.
At the moment, we see that there is no news feed that could cause a drop in Bitcoin, and that the drop is a correction of the rise in price in recent weeks.
With the sharp decline in Bitcoin, there has been a serious increase in the liquidations that have taken place in the last 1 hour.
While 166 million dollar position was liquidated in the last hour, 97% of it was long positions.
In the last 1 hour long liquidations, Ethereum has outstripped Bitcoin. Investors who longed Ethereum with high leverage, especially when the price exceeded $2000, were liquidated with this decline.
During this decline, liquidations in Ethereum stood at $35 million, while liquidations in Bitcoin remained at $25 million.
The liquidations in other altcoins are as follows:
Investors wondering where the decline in Bitcoin will stop will watch if there is a reaction from the $27800-$28500 region if the decline continues.