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Home»ALTCOIN NEWS»More than $448,000,000 in Bitcoin, Ethereum, Solana, Dogecoin and other coins were liquidated as BTC fell below $58,000.
ALTCOIN NEWS

More than $448,000,000 in Bitcoin, Ethereum, Solana, Dogecoin and other coins were liquidated as BTC fell below $58,000.

By Crypto FlexsMay 2, 20242 Mins Read
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More than 8,000,000 in Bitcoin, Ethereum, Solana, Dogecoin and other coins were liquidated as BTC fell below ,000.
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As Bitcoin (BTC) suddenly plummets below $58,000, altcoins also fall, leaving leveraged traders in the red.

According to cryptocurrency data aggregator Coinglass, more than $448.49 million in liquidations occurred in the last 24 hours, or more than 84% in leveraged buys.

OKX, a major exchange, processed the largest liquidation amount at $171.28 million, followed by $170.43 million on Binance, the world’s No. 1 exchange, $45.09 million on Huobi, and $37.22 million on Bybit.

Coinglass said that $167.43 million worth of Bitcoin was liquidated on the last day, the overwhelming majority of which were long positions. Coinglass also confirmed that $115.48 million worth of Ethereum (ETH), a leading smart contract platform, was liquidated during the same period.

Other popular digital assets that saw large liquidations include ETH rival Solana (SOL) at $17.01 million, popular meme asset Dogecoin (DOGE) at $13.56 million, and Pepe (PEPE) at $6.61 million.

According to Coinglass, the largest single liquidation order for the ETH/USDT pair on OKX amounted to $6.07 million.

Bitcoin plummeted from a high of $61,335 to a low of $56,757 over the past 24 hours. Bitcoin has recovered slightly as of this writing and is trading at $57,429, down more than 6% in the last 24 hours.

Solana is trading at $123 at the time of this writing, down nearly 5% in the last 24 hours. Meanwhile, DOGE is trading at $0.12 at the time of this writing, down nearly 9% in the last 24 hours. At the time of writing, PEPE is trading at $0.00000619, down 8.6% in the last 24 hours.

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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 you will be responsible for any losses you may suffer. 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.

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