Over $500 Million Wiped Out From The Market As Bitcoin Price Fluctuates Heavily

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Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	59,290,639,612	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

59,290,639,612

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.01447	3.68%	0.40716	0.40709	0.40712

Price Change

Price Change %

Current Price

Bid Price

Offer

0.01447

3.68%

0.40716

0.40709

0.40712

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4081	0.3903	0.39054	0.39269	0.074194 - 0.480780

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4081

0.3903

0.39054

0.39269

0.074194 - 0.480780

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:00:04	12.00	0.40717	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:00:04

12.00

0.40717

USD

Price x Volume	Volume	Base Symbol	Related Pairs
33,839,115.54	84,139,792.97	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

33,839,115.54

84,139,792.97

Over $500 Million Wiped Out From The Market As Bitcoin Price Fluctuates Heavily

25/11/2024 5:00pm

NEWSBTC

Traders have had a torrid start to the week, as over $500 million has been liquidated from the crypto market in the last 24 hours. This has been due to the Bitcoin price, which has continued to fluctuate heavily in recent times. $500 Million Liquidated As Bitcoin Price Fluctuates Coinglass data shows that over $500 million was liquidated from the crypto market in the last 24 hours as the Bitcoin price fluctuates. Long traders suffered the most loss, with over $366 million in long positions liquidated. Meanwhile, over $129 million in short positions were liquidated in the last 24 hours. Related Reading: Dogecoin Extends Rally – Can This Lead To A Breakout Above $0.82? This came as the Bitcoin price dropped significantly from around $98,000 to as low as $95,500 on Sunday. Bitcoin has since recovered and is back again over $98,000. This heavy BTC price fluctuation has been the case since the flagship crypto came close to hitting the $100,000 milestone on November 23. The Bitcoin price has since witnessed major pullbacks followed by a sharp rebound, leading to mass liquidations as traders struggle to determine the future trajectory of the flagship crypto. These pullbacks have come as investors look to secure profits, seeing as the flagship crypto is approaching this psychological $100,000 price level. However, some whales remain undeterred as they recently bought $3.96 billion BTC in 96 hours. Notably, Bitcoin miner Marathon Digital bought 5,771 BTC ($572 million) at an average price of 95,554 per BTC. Although this Bitcoin price range might be the local top, the flagship crypto is still expected to go higher, which explains why these whales are still actively accumulating more BTC. Asset manager VanEck recently stated that $100,000 is only the beginning and predicted that Bitcoin could still reach as high as $180,000. Today Could Be The Day Crypto analyst Ali Martinez recently predicted that today could be the day the Bitcoin price finally reaches the much-anticipated $100,000 milestone. This came as he revealed that the SuperTrend indicator had flipped bullish on the Bitcoin hourly chart as prices broke through the resistance trendline and the Relative Strength Index (RSI). Related Reading: XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here In another X post, Martinez suggested that $100,000 won’t be the cycle top for the Bitcoin price in this bull run. He stated that long-term Bitcoin holders are showing signs of growing greed. The analyst claimed that historically, this suggests that it could take 8-11 months for Bitcoin to hit a market top. If this historic trend continues, the Bitcoin price could peak between June and September 2025. Crypto analysts like Rekt Capital have also predicted that this period could mark the peak for Bitcoin in this bull run. At the time of writing, the Bitcoin price is trading at around $98,300, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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DOGEUSD Dogecoin