{"id":8029,"date":"2023-12-12T07:43:07","date_gmt":"2023-12-12T07:43:07","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8029"},"modified":"2023-12-12T07:43:07","modified_gmt":"2023-12-12T07:43:07","slug":"335-million-liquidation-in-bitcoin-and-eth","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/335-million-liquidation-in-bitcoin-and-eth\/","title":{"rendered":"$335 Million Liquidation in Bitcoin and ETH!"},"content":{"rendered":"<p>The cryptocurrency market had a volatile start, with significant altcoins, especially Bitcoin (BTC) and Ether (ETH). According to data, Bitcoin experienced a drop of up to 5% in the last 24 hours, trading at $41,300, but later rose to $42,000. Ether, after falling to $2,170, climbed to $2,239. Solana also dropped to $66 before reaching $70.<\/p>\n<p><strong>It May Attract Your Attention: <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-altcoins-are-soaring-what-are-investors-expecting\/\">Bitcoin and Altcoins Are Soaring! What Are Investors Expecting?<\/a><\/strong><\/p>\n<p>Greta Yuan, Research Director at the regulated exchange VDX in Hong Kong, stated, &#8220;The broader market saw a minor adjustment earlier this week due to better-than-expected non-farm payroll and low unemployment.&#8221; According to Coinglass data, over $335 million in liquidations occurred in the last 12 hours, with $300 million in long positions being liquidated.<\/p>\n<p>Liquidations in Bitcoin and Ether stood out on the heat map, with over $89 million in bitcoin positions and $74 million in ether positions being liquidated. Lucy Hu, Senior Analyst at Metalpha, said, &#8220;Given that BTC has risen over 70% since October, the recent minor correction in the overall market is part of a rational profit-taking process as traders may have reached their year-end price targets.&#8221;<\/p>\n<p>On-chain analyst Willy Woo wrote that the market could see a correction in Bitcoin prices down to $39,700. Stay tuned for updates.<\/p>\n<blockquote><p><em>In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019t forget to follow us on <strong><a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/strong>,<strong> <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noopener\">Youtube<\/a><\/strong>, and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market had a volatile start, with significant altcoins, especially Bitcoin (BTC) and Ether (ETH). According to data, Bitcoin experienced a drop of up to 5% in the last 24 hours, trading at $41,300, but later rose to $42,000. Ether, after falling to $2,170, climbed to $2,239. Solana also dropped to $66 before reaching<\/p>\n","protected":false},"author":13,"featured_media":8030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,7,2],"tags":[2909,61,105,2910],"class_list":["post-8029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-market-analysis","category-news","tag-335-million-liquidation-in-bitcoin-and-eth","tag-bitcoin","tag-ethereum","tag-liquidation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$335 Million Liquidation in Bitcoin and ETH! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market had a volatile start, with significant altcoins, especially Bitcoin (BTC) and Ether (ETH).\" \/>\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\/335-million-liquidation-in-bitcoin-and-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$335 Million Liquidation in Bitcoin and ETH! 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