Assets, Bitcoin

How Much Bitcoin Is Liquidated?

According to data from cryptocurrency exchange Bitfinex, more than $1.1 billion worth of bitcoin was liquidated on March 13 as the price of the digital asset dropped below $4,000.

The liquidations occurred across a number of exchanges, with the majority taking place on BitMEX. Other exchanges that saw significant liquidations included Binance, Huobi, and OKEx.

The largest single liquidation order was for $30 million, which was executed on BitMEX.

NOTE: WARNING: Investing or trading in Bitcoin can be extremely risky and should only be done with caution. The amount of Bitcoin liquidated is often unpredictable and can lead to significant financial losses if not handled properly. It is important to understand the risks associated with this type of investment before committing funds. Make sure you understand how much Bitcoin is liquidated, the potential for price volatility, and the possibility of market manipulation. Additionally, always use reliable exchanges and wallets to store your coins securely.

The price of bitcoin has been volatile in recent weeks, falling below $4,000 on March 13 before rebounding above $5,000 just a few days later.

Despite the volatility, the overall trend seems to be positive, with the price of bitcoin up more than 60% since the start of the year.

Investors remain bullish on the long-term prospects for bitcoin, with many believing that the digital asset will eventually reach prices of $50,000 or more.

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