Bitcoin traders suffer $600 million loss due to market correction. Latest updates on Bitcoin liquidations and price movements.
A temporary drop in Bitcoin price to $80,000 resulted in over 220,000 leveraged traders being liquidated. According to CoinGlass data, liquidations totaled around $620 million in the past 24 hours. Bitcoin accounted for $240 million, Ethereum $108 million, and Ripple $30 million of this amount. The largest liquidation order on Binance with the BTC/USDT pair amounted to $32.09 million. Despite a partial bounce back to $82,500, Bitcoin remains in the red zone on a weekly and monthly scale. This negative performance, despite recent positive news from the White House regarding President Trump’s executive order for creating a strategic Bitcoin reserve, has surprised many industry players.
