{"id":13713,"date":"2024-02-28T22:45:31","date_gmt":"2024-02-28T22:45:31","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=13713"},"modified":"2024-02-28T20:51:09","modified_gmt":"2024-02-28T20:51:09","slug":"major-liquidation-in-bitcoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/","title":{"rendered":"Major Liquidation in Bitcoin!"},"content":{"rendered":"<p>As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with <strong>Bitcoin<\/strong> <strong>(BTC)<\/strong> and <strong>Ethereum (ETH)<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#Bitcoin_64000_Dollars\" title=\"Bitcoin 64,000 Dollars!\">Bitcoin 64,000 Dollars!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#140_Million_Dollar_Position_Liquidated_in_Bitcoin\" title=\"140 Million Dollar Position Liquidated in Bitcoin!\">140 Million Dollar Position Liquidated in Bitcoin!<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#Step_by_Step_to_ATH_Level\" title=\"Step by Step to ATH Level\">Step by Step to ATH Level<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_64000_Dollars\"><\/span><span style=\"font-size: 75%;\">Bitcoin 64,000 Dollars!<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Bitcoin (BTC)<\/strong> managed to rise to the <strong>64,000<\/strong> <strong>dollar<\/strong> level for the first time since 2021, when it hit its all-time high (ATH) of $69,000, at around 20:00 on February 28, 2024.<\/p>\n<p>Ethereum (<a href=\"https:\/\/coinengineer.net\/blog\/why-wont-ethereum-stop-the-reasons-for-the-rise\/\">ETH<\/a>), meanwhile, managed to reach <strong>3,480<\/strong> <strong>dollars<\/strong> for the first time since 2022, keeping pace with Bitcoin.<\/p>\n<p>In the cryptocurrency market, the upward trend that began with the approval process of spot Bitcoin ETFs continues, with large positions being liquidated during sudden pullbacks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"140_Million_Dollar_Position_Liquidated_in_Bitcoin\"><\/span><span style=\"font-size: 75%;\">140 Million Dollar Position Liquidated in Bitcoin!<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the cryptocurrency market continues to rise, long positions opened on BTC are being liquidated with sudden shakeout movements.<\/p>\n<p>Following BTC&#8217;s reach to the 64,000-dollar level, approximately 9 percent pullback occurred within just 15 minutes, dropping to <strong>58,000<\/strong> <strong>dollars<\/strong> and <strong>liquidating 140 million dollars of long positions.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13777 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Bitcoin-1.jpg\" alt=\"Bitcoin\" width=\"768\" height=\"344\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Bitcoin-1.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Bitcoin-1-300x134.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_by_Step_to_ATH_Level\"><\/span><span style=\"font-size: 85%;\">Step by Step to ATH Level<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There&#8217;s only <strong>9,000 dollars<\/strong> left to reach the all-time high (ATH) of <strong>69,000 dollars<\/strong>, seen in BTC&#8217;s price in 2021.<\/p>\n<p>As we approach the end of February, Bitcoin managed to rise from $50,000 levels to $64,000 levels in the last week with a rapid increase of approximately 25 percent. With this rapid rise in price, it can be seen that it&#8217;s getting closer to the ATH level step by step.<\/p>\n<hr \/>\n<div>\n<div>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with Bitcoin (BTC) and Ethereum (ETH). Bitcoin 64,000 Dollars! Bitcoin (BTC) managed to rise to the 64,000 dollar level for the first time since 2021, when it hit its all-time high (ATH) of $69,000, at around 20:00 on February 28, 2024. Ethereum<\/p>\n","protected":false},"author":1,"featured_media":13712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7,2],"tags":[61,60,1770,2910,3695],"class_list":["post-13713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-market-analysis","category-news","tag-bitcoin","tag-btc","tag-ethereum-eth","tag-liquidation","tag-spot-bitcoin-etfs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Major Liquidation in Bitcoin! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with Bitcoin (BTC) and Ethereum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Liquidation in Bitcoin! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with Bitcoin (BTC) and Ethereum.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-28T22:45:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-28T20:51:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/\",\"name\":\"Major Liquidation in Bitcoin! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg\",\"datePublished\":\"2024-02-28T22:45:31+00:00\",\"dateModified\":\"2024-02-28T20:51:09+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with Bitcoin (BTC) and Ethereum.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Major Liquidation in Bitcoin!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Major Liquidation in Bitcoin! - Coin Engineer","description":"As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with Bitcoin (BTC) and Ethereum.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"Major Liquidation in Bitcoin! - Coin Engineer","og_description":"As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with Bitcoin (BTC) and Ethereum.","og_url":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/","og_site_name":"Coin Engineer","article_published_time":"2024-02-28T22:45:31+00:00","article_modified_time":"2024-02-28T20:51:09+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/","url":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/","name":"Major Liquidation in Bitcoin! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg","datePublished":"2024-02-28T22:45:31+00:00","dateModified":"2024-02-28T20:51:09+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"As the cryptocurrency market continues to rise, it has experienced significant fluctuations, particularly with Bitcoin (BTC) and Ethereum.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-115.jpg","width":1280,"height":720,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/major-liquidation-in-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Major Liquidation in Bitcoin!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/13713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=13713"}],"version-history":[{"count":4,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/13713\/revisions"}],"predecessor-version":[{"id":13781,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/13713\/revisions\/13781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/13712"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=13713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=13713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=13713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}