$1.25 Billion in Liquidations as Bitcoin Price Briefly Dips Below $21K

The decline in the cryptocurrency market continues without signs of slowing down. Bitcoin has fallen below $21k, bringing total liquidations in the last 24 hours to about $1.24 billion.

• The bloodbath in the cryptocurrency market continues and does not seem to show any signs of slowing down.
• At the time of this writing, BTC is trading at around $21,900, down 15.6% on the day.

• A whopping $1.24 billion has been liquidated across the market in the past 24 hours, according to the data. data from Coinglass.
• Most of this comes from over $600 million in bitcoin. Ethereum is in second place with just under $480 million at the time of this writing.
• Ethereum also briefly fell below $1.1k but managed to bounce back to where it currently trades just below $1.2k.
• The largest single liquidation order was placed on BitMEX, an XBTUSD perpetual contract with a par value of over $4.4 million.