Bitcoin drops to $27k range again, liquidating $200M

Bitcoin (BTC) dropped to around $27,235 just after the price hit $30,000, liquidating over $170 million.

The largest cryptocurrency by market capitalization climbed toward $30,000 earlier in the day, with short trader liquidations surpassing $70 million in the last 24 hours.

About $200 million liquidated

according to coin glassthe crypto market has liquidated over $195 million in the last four hours, with more than 77,000 traders.

Bitcoin is at $72.05 million over the past hour, while Ethereum is at $28.75 million. Liquidations of other assets such as Dogecoin, Arbitrum, Chainlink, XRP, Litecoin and Solana were less than $4 million.

The largest liquidation occurred on BitMEX on XBT, worth $5.05 million.

Bitcoin falls to $27,000 again

Data from CryptoSlate show that after falling from a high of around $31,000 on April 14th to $26,960 on April 24th, the price of Bitcoin has fallen back to $27,000 after rising for the last three days. increase.

BTCUSDT (Source: TradingView)

The price of BTC was $27,510 at 8:30 PM UTC. Bitcoin’s price has overall fallen about 2.5% over the past 24 hours.

Other major assets are also losing value. Ethereum (ETH) dropped almost 2%, Binance Coin (BNB) dropped 2.3%, XRP dropped 4.7% and Dogecoin (DOGE) dropped 3.6%.

Jump trading deposits to exchanges

Arkham Intelligence murmured Prominent market maker Jump Trading has deposited $26.6 million worth of BTC to various exchange deposit addresses in the past hour.

Most of these funds were transferred to Binance, while Jump Trading transferred $23.7 million to BTC deposit addresses.

Post Bitcoin dropped back into the $27,000 range, with a $200 million liquidation first appearing on CryptoSlate.

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