Liquidation

Dogecoin (DOGE) is getting battered by the recent crypto market downturn. The meme-based cryptocurrency took a significant hit this Thursday, dropping 14% in value in the last 24 hours. Long Positions Liquidated According to Coinglass, a crypto derivatives data platform, DOGE saw a whopping $4.8 million in long positions liquidated. This signifies that investors who bet on DOGE’s price increase got squeezed as the price went down. Conversely, short positions (bets on a price decrease) saw minimal liquidations at just…

The post Mt. Gox Terror Strikes Markets, Bitcoin Faces Second-Largest Long Liquidation in History After FTX Collapse, What’s Next? appeared first on Coinpedia Fintech News Ever since Mt. Gox released its rehabilitation plan to repay the creditors who lost their BTC in a hack that occurred in 2013, the markets have become extremely furious. As Bitcoin price continued to rise, the fear of selling pressure began to hit the highs. As a result, the market participants seem to have closed…

The post Bitcoin Bloodbath Triggers $374M Liquidation Surge: What’s Next for Crypto? appeared first on Coinpedia Fintech News The cryptocurrency market experienced a sharp increase in liquidations on Wednesday, triggered by Bitcoin’s significant price drop below the $60,000 mark. In the past 24 hours, a total of 132,091 traders were liquidated, resulting in total losses amounting to $374.81 million. Bitcoin’s Sharp Decline Bitcoin, the flagship cryptocurrency, faced intense selling pressure, plummeting below $60,000 and hitting a recent low of around…

The post DOGE Sees Over $4 Million Liquidation In 24 Hours appeared first on Coinpedia Fintech News Dogecoin is at the forefront of memecoin liquidation as more than $4 million was liquidated in 24 hours. While this liquidation figure of $4.92 million in 24 hours is small compared to the $90.06 million for Bitcoin (BTC), it is still significant for DOGE. The Dogecoin spotlight comes as the price of the first meme coin dropped by 7.89% to $0.1121 in 24…

According to a report by data analytics company IntoTheBlock, the volume of high-risk loans on the prominent Aave Protocol is reaching high levels as general loan volume in the DeFi space records multi-year highs. This development is believed to stem from investors exploring various investment strategies in a bid to maximize profits in a highly anticipated crypto bull run. Aave’s High-Risk Loans 5% Short Of Liquidation Threshold In its weekly newsletter on June 8, IntoTheBlock highlights that DeFi loans are…

The post Pepe and Bonk Prices Surge Over 30% Amid $400 Million Liquidation: What to Expect Next appeared first on Coinpedia Fintech News The memecoin market is currently booming, with numerous Solana-based meme coins experiencing significant price increases during recent trading sessions. The news of a potential spot Ethereum ETF approval by the SEC this week has triggered a buying demand in the crypto market, driving up meme coin prices as well. Pepe and Bonk have seen their prices surge…

The post Crypto Market Crash: Bitcoin Faces $464 Million Liquidation In 24 Hours! appeared first on Coinpedia Fintech News The BTC price has experienced a plunge of 11.52% with a low of $56,555.29 within the past 24 hours. Following the cross-border correction, the crypto market leader, Bitcoin price, recorded a total of $464 Million worth of liquidations in its portfolio, of which 86% ($399 Million) were long positions whereas 14% ($65 Million) were short positions. OKX experienced the highest liquidations,…

The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a specific price mark. Bitcoin Bears Beware Of This Price Range According to Rover, the crucial price mark, which is the $71,600 region, is where the…

Pac Finance, a lending app on Blast, has had its users report a $24 million liquidation on April 11 due to a sudden change in parameters by the developer wallet. Mass liquidations are common for leveraged traders who borrow crypto, but they often occur due to fluctuations in the market, not protocol parameter changes. Pac Finance LTV Change Leads to Liquidation Pac Finance is a platform where crypto holders can earn interest by lending their assets. The app implements a…