Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»$638.3 million in liquidations rocked the cryptocurrency market as Bitcoin’s relentless rise reaches new peaks.
ALTCOIN NEWS

$638.3 million in liquidations rocked the cryptocurrency market as Bitcoin’s relentless rise reaches new peaks.

By Crypto FlexsFebruary 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
8.3 million in liquidations rocked the cryptocurrency market as Bitcoin’s relentless rise reaches new peaks.
Share
Facebook Twitter LinkedIn Pinterest Email

Liquidations worth hundreds of millions of dollars are hitting cryptocurrency markets as Bitcoin (BTC) reaches the $64,000 level for the first time since late 2021.

In the past 24 hours, traders witnessed $638 million worth of liquidations, most of which were short positions, according to new data from market intelligence platform Coinglass.

The flagship digital asset itself has seen a whopping $185.62 worth of derivatives contracts vaporize at the time of this writing, while other assets such as leading smart contract platform Ethereum (ETH) and dog-themed meme asset Dogecoin (DOGE) have lost $7,753 each. It recorded 10,000 dollars and 31.62 million dollars.

Other notable cryptocurrency assets that saw significant liquidations on the last day included ETH rival Solana (SOL), which lost $10.17 million worth of contracts, and memecoin Pepe (PEPE), which lost $11.91 million worth of contracts.

According to the data, most liquidations took place on four different centralized cryptocurrency exchange platforms, including Binance, OKX, Huobi, and Bybit.

In a new thread, Hunter Horsely, CEO of Bitwise Invest: says The 31,300 followers of social media platform

“Bitcoin will erode gold’s TAM faster than people expect. Bitcoin at $250,000 could happen much sooner than most people who have been watching the sector for years imagine.

why? For 15 years, Bitcoin has proven its merits, but only a select few have access to it. The Bitcoin ETF was Bitcoin’s IPO moment. It is now available to all investors with the click of a button.

“The market has changed tenfold.”

Earlier today, widely known cryptocurrency analyst DonAlt said BTC’s big move marks Bitcoin’s “final stand” before reaching new all-time highs, adding that he will remain bullish on the cryptocurrency king until it undergoes a sharp reversal. Yes.

At the time of writing, Bitcoin is trading at $63,235, up 8.2% in the last 24 hours.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/Sergey Nivens/Fotomay

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025
Most Popular

Jailstool can be traded!

February 11, 2025

Sui rises 500% in 4 months: Traders should pay attention to this key resistance.

December 19, 2024

Dogecoin gains 5.4% to top CoinDesk 20 this week: CoinDesk Index Market Update

April 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.