Bitcoin dives below $27k; almost $100M liquidated

Liquidations have reached almost $100M in the past hour.

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • Bitcoin dropped below $27,000, which as a result, saw almost $100 million liquidated in the past hour.
  • Coinglass data shows 90% of these liquidations came from longs being liquidated.
  • This came after a positive CPI reading that had taken Bitcoin above $28,000 earlier in the day.
Liquidations: (Source: Coinglass)
Liquidations: (Source: Coinglass)

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James Van Straten
James Van Straten
Former Lead Analyst 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.

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Bitcoin BTC (24h)
$79,734.38 -0.95%
Market Cap $1.6T
24H Volume $32.91B