$190 Million Worth of BTC Liquidated on Binance While Bitcoin Drops Back to $30,000 Zone
Yuri Molchan
A mammoth-sized amount of BTC positions has been liquidated on Binance causing Bitcoin to drop back to the $30,000 area
News
Mon, 01/04/2021 - 11:17
Cover image via stock.adobe.com
Glassnode analytics team has reported that within just ten minutes’ whales have liquidated a $190 million worth of Bitcoin futures on Binance.
Image via Twitter
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.
But first Bitcoin went as low as $28,000. At press-time, BTC is changing hands at $29,608.
Image via TradingView
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.