According to data from CoinGlass, a total of $1.18 billion was raised by approximately 406,000 traders in the 24 hours that day.
Of this, approximately $921 million (approximately 143.8 billion yen) was the liquidation of long positions and $260 million (approximately 40.6 billion yen) was the liquidation of short positions.
Ethereum (ETH) had the largest liquidation of long positions, with over $207.5 million liquidated during the day, followed by Bitcoin (BTC).
TC) long positions were liquidated for more than $202 million (approximately 31.5 billion yen). Bitcoin fell by less than 6% from its daily high of $106,300 on January 19 to about $99,700.
The move is similar to the market crash on Jan. 7, when Bitcoin fell to similar levels within a few hours and bottomed out at around $90,000 on Jan. 13.
Cryptocurrency trader Bluntz said he was seeing “top-point signals here and there” through X, and that “right now we’re just realizing some of the profits.”
"I think it's prudent to do that," he said. The altcoin market also showed a downward trend, with Ethereum falling more than 5% to an intraday low of $3,150. However, Ethereum has not changed much in the past month.
It is still holding in a box range and is not keeping up with Bitcoin's recent movements.
Meanwhile, XRP, Dogecoin, Cardano, Avalanche
Lanche, Sui, and Stellar have all recorded double-digit declines over the past day.
The heat on the stock cooled, causing it to plummet by more than 40% in a matter of hours on Jan. 20, compared to a fully diluted value of more than $70 billion the day before.
Meanwhile, the wife of the president-elect, Melania Trump,
After Donald Trump launched his eponymous token on January 19, the token sold for 130 million yen within hours.
It peaked at over $1 billion.
2025/01/20 17:32 KST
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