Insights

Roughly $90M liquidated in 2hrs as Bitcoin sinks below $30K

exchange68September 12, 2024

0 0 1 minute read

Quick Take

Roughly $90 million of liquidations occurred in the past two hours on the news that the spot ETFs that have been filed are inadequate, according to Wall Street Journal.
Coinglass reported $87 million of liquidations in the past hour, while $100 million in the past four hours as Bitcoin broke below $30,000.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.