Bitcoin’s whirlwind day sees $440M in market liquidations as CME overtakes Binance in open interest

Bitcoin’s whirlwind day sees $440M in market liquidations as CME overtakes Binance in open interest
фото показано с : cryptoslate.com

2023-11-9 20:15

Quick Take

Bitcoin’s trajectory on Nov 9 presents a compelling case study in market volatility. Briefly touching $38,000, Bitcoin’s price has since dialed back to settle at $36,500. This short-lived surge drove Bitcoin’s market cap from an initial $715B to a zenith of $740B, before receding back to $715B.

The noteworthy aspect is the day-to-day market cap increase, where at the peak, Bitcoin’s market cap soared by approximately 4.5%, escalating from $697B to $729B. This stood at one of the most significant one-day percentage change increases in Bitcoin’s storied market cap history, just outside the top 10.

Top 10 one-day percentage increases in Bitcoin market cap: (Source: Glassnode)

However, this surge was not without repercussions. Liquidations over the last 24 hours have surpassed $440M in the crypto market, a direct consequence of the abrupt market flush.

Time Liquidation Amount 1 hour $147M 4 hours $262M 12 hours $334M 24 hours $446M

Source: Coinglass

Concurrently, open interest has seen a reduction by over 5%, effectively eradicating $1B of open interest in Bitcoin.

Significantly, this turbulence has resulted in a shifting landscape regarding exchange open interest. Chicago Mercantile Exchange (CME) has now ascended to become the largest exchange in this regard, following a substantial wipeout of open interest from Binance.

BTC Open Interest: (Source: Coinglass)

The post Bitcoin’s whirlwind day sees $440M in market liquidations as CME overtakes Binance in open interest appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 105791.11 (-0.28%)
Объем 24H $54.451b
Изменеия 24h: 3.98 %, 7d: -0.08 %
Cегодня L: $103456.85 - H: $106219.15
Капитализация $2096.485b Rank 1
Цена в час новости $ 36368.9 (190.88%)

bitcoin market 715b back 500 settle dialed

Источник: cryptoslate.com

bitcoin market → Результатов: 126


Фото:

Bitcoin rebounds above $95K after Monday’s plunge: what’s next for crypto market?

The cryptocurrency market is showing signs of resilience after a sharp downturn on Monday, with Bitcoin leading a partial recovery to climb above the $95,000 mark. Bitcoin had previously plummeted to a low of $89,000—its lowest level in 24 days—as traders anxiously awaited the release of the latest US Consumer Price Index (CPI) report. Major […]

2025-1-14 08:49


Фото:

Bitcoin’s bull market: how to read the signals in 2025

Bitcoin, rebounding powerfully from its bear market lows, has reasserted itself as a leading asset, significantly outperforming traditional financial markets in 2024. Fueled by the historic launch of Bitcoin ETFs in January, a new US administration seemingly supportive of the crypto industry, and the Federal Reserve’s shift toward easing monetary policy, Bitcoin’s resurgence has been […]

2025-1-1 12:39


Bitcoin Fees Drop 86% While Market Confidence Soars As Dominance Reaches New Highs

Despite an 86% plunge in Bitcoin transaction fees this quarter, market confidence remains resilient, with Bitcoin’s dominance hitting its highest level since April 2021. BTC's market share reached its highest since April 2021 this quarter Bitcoin's price traded mostly sideways throughout the quarter, while ETH and smaller tokens set new […]

2024-10-7 12:05


Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000

Bitcoin (BTC) could be gearing up its last explosive rally of a four-year market cycle, which traditionally kicks off at the beginning of a halving event and culminates just before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could surge to $200,000 and above, marking new All-Time Highs (ATHs) and the peak of the long-awaited bull market.

2024-9-23 03:01


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

MicroStrategy to redeem $1.05b senior notes

MicroStrategy, the largest corporate holder of Bitcoin, has announced plans to redeem all outstanding 0% convertible senior notes due in 2027, totaling approximately $1. 05 billion. The redemption is set for Feb.

Fathom Holdings embraces Bitcoin with treasury strategy

Fathom Holdings, a technology-driven real estate services platform, has announced the inclusion of Bitcoin in its treasury management program. The Board of Directors approved the allocation of up to 50% of Fathom’s excess cash — approximately $500,000 — to Bitcoin…

MicroStrategy Bitcoin stake up to 461k with new $1.1b purchase

MicroStrategy continued its Bitcoin buying spree just a day after Donald Trump was sworn in as the 47th U.S. President. The Tysons Corner-based firm added another 11,000 Bitcoin (BTC) for $1.1 billion, according to a disclosure document shared by executive…