BTC Price Reclaims $64K as Over $175 Million in Total Liquidated
Bitcoin's price has breached the $64,000 threshold, causing over $175 million in total liquidations. Over $150 million in shorts position were wiped out, with Binance seeing the most liquidations, with the largest single order being $5.09 million for the Ethereum/USDT trading pair. The price reached an intra-day high of $64,540 on May 4, and trading volume rose by over 15% despite an expected weekend lull. Binance exchange recorded the most liquidations at $72.57 million, followed by OKX at $61.59 million.
The largest single liquidation order was witnessed on Binance, where up to $5.09 million went down the drain for the Ethereum trading pair against Tether (USDT) stablecoin. The move saw Bitcoin break above a month-long trendline that acted as resistance, and traders looking to long
BTC should exercise caution due to expected weekend volatility.
The largest single liquidation order was witnessed on Binance, where up to $5.09 million went down the drain for the Ethereum trading pair against Tether (USDT) stablecoin. The move saw Bitcoin break above a month-long trendline that acted as resistance, and traders looking to long
BTC should exercise caution due to expected weekend volatility.
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