RATE Group | Over $17 Million USD In Bitcoin Contracts Liquidated, Is A Selloff To $9,000 On The Card…
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Over $17 Million USD In Bitcoin Contracts Liquidated, Is A Selloff To $9,000 On The Card…

25 Feb Over $17 Million USD In Bitcoin Contracts Liquidated, Is A Selloff To $9,000 On The Card…

Posted at 08:44h in Bitcoin News by

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Over $17 million USD in Bitcoin liquidated over the past 24 hours as BTC plummets to $9,500 USD, is a selloff on the cards?

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Crypto Rocket


2020 started off very bullish across the crypto market as the top coins gained handsome double digit gains as Bitcoin (BTC), the top cryptocurrency, gained 33% in this period. However, in the past 24 hours the market faced a bearish reversal setting BTC’s price aback to $9,556 as at time of writing from levels above $10,000 at the start of the month.

The price of Bitcoin (BTC) took a substantial hit as bears pushed it below the $9,500 USD wiping off over $17 million in BTC contracts on BitMEX and a further 100+ BTC contracts on Bitfinex in 12 hours – the second highest no. of liquidations in the past fortnight.

Over $18 million long and short contracts liquidated on BitMEX (Image: Datamish)

Despite the market still showing signals of a possible continuation of a bull run, the fundamentals are slowly turning bearish. The…

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