BIGTIME, ORDI Tokens Lead Nearly $250M in Altcoin Liquidations
Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.
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Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.
The SEC delaying decision about spot BTC ETFs could leave the market without a catalyst until early January, halting the crypto rally’s momentum, K33 analysts said this week.
Cryptocurrency derivatives traders endured over $150 million liquidations over the past 24 hours Monday as rapidly surging digital asset prices caught many market participants off-guard.
After failing again at $28,000 resistance over the weekend, bitcoin has retreated to its weakest level since late September.
The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.
Crypto traders suffered over $100 million of losses in liquidations on Monday, Coinglass data shows, as the digital asset market rout intensified.
Bitcoin’s bounce amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana.
This week’s quick plunge and rebound in cryptocurrency prices triggered $256 million in liquidation losses, Coinglass data shows.
This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.