Orders for $1.2 billion liquidated on the crypto market

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The fall of bitcoin over the past day by more than 10% led to the liquidation of $ 1.26 billion. signal data of the Coinglass platform. The largest liquidation was recorded on BitMEX in the BTC/USD trading pair, where the trader closed an order for $10 million.

In third place in terms of liquidation over the past 24 hours was the altcoin terra (LUNA), where the volume amounted to almost $75 million. In total, over the past day, the market has demolished orders of about 400,000 traders.

At the same time, an influx of bitcoin has been noticed on centralized exchanges. Over the past 24 hours, over 5,440 BTC have been received on Coinbase, and over 15,533 BTC on Bitfinex. Binance, on the contrary, recorded an outflow of 18,617 BTC. Over the past 30 days, all of the listed exchanges received more than 25,000 BTC. The capitalization of the entire cryptocurrency market over the past day has dropped to $1.2 trillion (-$200 billion), according to CoinGecko.

Bitcoin (BTC) at the time of writing is trading at $28,475. Ether (ETH) has fallen to $1970, losing almost 20% in 24 hours. The top three cryptocurrencies by market capitalization are closed by the altcoin binance coin (BNB), which lost more than 12% in a day and dropped to $272.

Technical indicators give bearish signals. Thus, the RSI index is declining and dipped significantly below the critical mark. In addition, the fall of bitcoin was accompanied by significant trading volumes on the weekly timeframe. However, there are still a few days left before the end of the week.

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Source: Cryptocurrency

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