The crypto sector has recently gone through notable liquidations, as disclosed by the latest market insights. The data reveals that the cumulative market liquidations have reached $580M, including the prominent crypto assets like Bitcoin ($BTC) and Ethereum ($ETH). Apart from that, over the weekend, $BTC has also experienced a considerable price decline.
$BTC and $ETH See $134M and $95.41M in Liquidations Over 24 Hours
In line with the exclusive market data, Bitcoin ($BTC) has recorded $134M in terms of long liquidations. Apart from that, on Saturday, the flagship crypto asset plunged to the $103K mark before a gradual uptick. At the moment, Bitcoin ($BTC) is changing hands at $104,728.74, indicating a 0.92% price increase over past 24 hours. On the other hand, the weekly price performance of Bitcoin ($BTC) underscores a 3.23% decrease. Similarly, Bitcoin’s 24-hour volume reportedly accounts for a 38.25% plunge.
In the same vein, the altcoin sector has also witnessed substantial liquidations. Particularly, the top altcoin Ethereum ($ETH) saw a staggering amount of almost $95.41M in long liquidations. At present, its price is hovering around $2,524.91, underscoring a 0.09% surge over 24 hours. Just like Bitcoin, Ethereum also went through a huge dip to $2,484.21 on Saturday.
$SOL, $XRP, $SUI, and $DOGE also Express Massive Liquidations Over Weekend
The other notable cryptocurrencies experiencing liquidations include Solana ($SOL), Ripple ($XRP), Sui ($SUI), and Dogecoin ($DOGE). Hence, $ETH and $SOL account for $95.41M and $37.70M in liquidations when it comes to long positions. Additionally, $SUI and $DOGE have seen $17.09M and $21.76M in long liquidations.
Keeping these liquidations in view, there is a possibility for the crypto market to remain volatile in the coming days. Moreover, the large-scale sell-offs normally lead to additional price adjustments. In the meantime, the investor confidence is going through a gradual recovery. It is crucial for traders who are carefully leveraging the ongoing conditions in the crypto market.
