Bitcoin price fell below $68,500

On the morning of April 10, 2024, the Bitcoin rate fell to $68,466 at the moment. Against this background, the volume of liquidations on futures contracts amounted to about $290 million.

While writing this article, Bitcoin has partially recovered its position. The asset is trading around $69,250, according to TradingView. As you can see in the chart, the price began to fall on the evening of April 9, immediately after the start of the trading session in the United States:

The Bitcoin dominance rate for this article is 54.23%. On the morning of April 10, 2024, a growing trend was visible on the chart, but then it reversed:

Against the backdrop of this drawdown, the volume of liquidations on futures contracts increased significantly. The figure reached almost $290 million with a significant predominance of long positions.

103,668 traders were liquidated. Among the leading platforms, traditionally, are Binance and OKX. They account for about 80% of all losses:

Almost all of the top 10 crypto assets in terms of capitalization experienced a drawdown. Among those, Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) stand out:

The Fear and Greed Index has dropped two points over the past 24 hours. Despite this, it still indicates accumulation sentiment:

Source: Cryptocurrency

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