$190 Million Worth of BTC Liquidated on Binance While Bitcoin Drops Back to $30,000 Zone

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Mon, 01/04/2021 - 11:17

Yuri Molchan

A mammoth-sized amount of BTC positions has been liquidated on Binance causing Bitcoin to drop back to the $30,000 area

$190 Million Worth of BTC Liquidated on Binance While Bitcoin Drops Back to $30,000 Zone

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Glassnode analytics team has reported that within just ten minutes’ whales have liquidated a $190 million worth of Bitcoin futures on Binance.

The liquidation of Bitcoin futures has pushed the flagship cryptocurrency back to where it was two days ago – to the range between $30,000 and $30,400, losing as much as 17 percent, making it lose the recent stellar gains.

Crypto Whales Shifted Whopping $1.26 Billion In Bitcoin As BTC Broke Above 34,200

But first Bitcoin went as low as $28,000. At press-time, BTC is changing hands at $29,608.

#Bitcoin

About the author

Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.