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Bitcoin's Surge Past $106K Liquidates James Wynn 12 Times in 12 Hours

BTC tapped a six-day peak earlier this morning. Bitcoin ended the calendar week with a price resurgance that only intensified as the new one began, and the asset jumped to almost $107,000 for the first time since last Tuesday. Naturally, this explosive month north has harmed certain over-leveraged traders. The popular account going under the name James Wynn made the headlines again by suffering a…

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Beats Pill Selling for Pennies, Amazon Liquidates the Iconic Bluetooth Speaker

Good sound matters most during the moments when music becomes the backdrop to your life. Game day gatherings with friends, cooking marathons in the kitchen, cozy living room hangouts during these cold months or even impromptu dance sessions when your favorite track comes on. You need a speaker that can keep up with your energy without constantly dying or worrying about spills. The Beats Pill has…

[howtoinvestinnftcrypto]

Bitcoin’s $30k price spike liquidates over $170M

Bitcoin’s $30k price spike liquidates over $170M

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Bitcoin’s (BTC) brief jump toward $30,000 led to more than $106 million in liquidations for short traders in the last 24 hours, according to Coinglass data.

The overall crypto market saw $173 million in liquidation during the period, mostly from traders holding short positions against BTC and other cryptocurrencies.

Source: Coinglass

Most of the liquidations occurred on Huobi, Binance, and OKX. The three exchanges accounted for almost 80% of the overall liquidations — of which 87% were short positions. Other exchanges like Bybit, CoinEx, and Bitmex also recorded a sizeable amount of the total liquidations.

According to Coinglass, 31,113 traders were liquidated — with the most significant liquidation being an $11 million BTC-USDT short position on Huobi.

Other liquidated assets include Ethereum (ETH) and Litecoin (LTC) — with $29 million and $2.8 million, respectively. Others like Solana (SOL) saw $2.64 million in liquidation, while Arbitrum (ARB) recorded $2.27 million.

BTC briefly spikes above $30,000

Meanwhile, Bitcoin rose by 6.4% in the last 24 hours to reach $30,000 for the first time in almost a year, according to CryptoSlate data.

In the last 24 hours, the flagship asset saw more inflows than outflows on exchanges. According to Glassnode data, $757.7 million BTC was sent to exchanges, while $734.4 million was withdrawn. This led to a positive netflow of $25 million.

Meanwhile, the favorable price movement appears to have drawn more retail traders to the asset as more addresses are holding at least 0.1 BTC than ever before — reaching a new all-time high of 4,307,269 earlier today, according to Glassnode data.

The improved price performance coincided with a recent statement from U.S. presidential candidate Robert Kennedy who said cryptocurrencies like Bitcoin could protect holders from government overreach and central bank digital currencies (CBDCs)

Kennedy said:

“Cryptocurrencies like Bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts.”

The post Bitcoin’s $30k price spike liquidates over $170M appeared first on CryptoSlate.

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Crypto market rebound liquidates over $200M

Crypto market rebound liquidates over $200M

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The crypto industry’s mild recovery over the last 24 hours has liquidated $212 million from the market, according to Coinglass data.

Over the reporting period, the crypto market posted a 2.85% gain — pushing the value of flagship digital assets like Bitcoin (BTC) and Ethereum (ETH) above $23,000 and $1,600, respectively, again.

BTC accounted for $80.70 million in liquidations, while Ethereum contributed $48.81 million. High-flying layer1 blockchain network Aptos (APT) liquidated $31.61 million in short positions against it.

During this period, the market recovery liquidated 50,517 traders — the most significant liquidation being a $3.85 million position on BTC.

Meanwhile, blockchain analytical firm Santiment pointed out several altcoins ascending over the reporting period. Santiment said:

“Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).”

Journalist at CryptoSlate

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.

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Disclaimer: Our writers’ 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.

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