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International Business Times

Business

Marvie Basilan

Bitcoin, Ether Lead Over $260M Liquidations In 24 Hours Amid Sliding Prices

Bitcoin ETF Crypto United States Binance CoinGecko CoinGlass

Are large crypto holders starting to break over the downtrend in crypto prices? (Credit: Bybit/flicker.com)

KEY POINTS

Over $66 million worth of Bitcoin and $63 million in Ether were cashed out
Among exchanges, Binance saw the largest liquidations at over $110 million
One analyst said Bitcoiners should be open to the idea of BTC crashing further

More than $260 million worth of cryptocurrencies were liquidated in the past day amid plummeting Bitcoin and Ether prices, the latest on-chain data revealed, cementing concerns about large crypto users starting to bend to market fears.

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