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breakinG: bitcoin & ethereum nosedive triggers BILLION dollar liquidation bloodbath! 📉💸🔥
ngmi or time to buy the dip?? 📉🚀
bitcoin and ethereum taking a tumble causing over a billion in liquidation: longs got rekt for $545 mil, shorts down $31 mil with
The Bitcoin price dropped below $120,000 on August 14, shortly after hitting a new high over $124,000. BTC fell to $118,479, down 2.07% in one hour and 5% from the daily peak. Ethereum, XRP, Dogecoin, Solana, and BNB also experienced losses. This correction followed a period of market growth, with open interests in altcoins hitting a record $47 billion. Long traders suffered most, losing $545 million, while short positions lost $31 million. Ethereum traders faced the highest liquidations at $177 million. Total losses in one hour reached $577 million, and over 24 hours, they totaled $1.05 billion, emphasizing the market’s extreme volatility.
Bitcoin, Ethereum Brusf Pollback leads to more than a billion dollars in liquidation
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