Bitcoin (BTC) traders hit two amazing milestones once largest crypto collapsed to $50,000
The recent Bitcoin plunge below $50,000 triggered an impressive spike in trading activity accompanied by painful 10-digit liquidations. Both futures and spot trading metrics soared to record-breaking numbers.Bitcoin , the largest cryptocurrency, hit a new all-time-high in futures trading volume during its plunge below $50,000. Such statement was shared by Ki Young Ju, the founder and CEO of on-chain analytical team CryptoQuant, with his 361,000 followers on X.
In the same day, Bitcoin spot trading volume on major CEXes reached $83 billion, the second-highest level ever registered.In a discussion with his followers, Ki Young Ju also mentioned that the liquidations volume was not so high. As per CoinGlass, it reached $1.1 billion, which is lower than that of the March 13 crash. It also should be noted that liquidations were 120% higher on Black Friday in 2020 while Bitcoin was 16x cheaper.Surprisingly, the collapse of Aug.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buying the dip? Bitcoin institutional investors add 100K BTC in a weekBitcoin institutional investors go on a 100,000 BTC buying spree amid BTC price lows.
Read more »
Michael Saylor Issues 'Bitcoin to the Moon' Tweet as BTC Holds Near $65,000Bitcoin maximalist Saylor issues bullish Bitcoin tweet as BTC strives to regain $65,000
Read more »
Bitcoin (BTC) Hashrate Extremely Close to ATH, CryptoQuant SaysBitcoin (BTC) miners are back in business, New report by CryptoQuant analysts says
Read more »
High-conviction Bitcoin traders targeted in new long BTC ETFsNew Bitcoin ETFs Offer 200% long or short exposure to BTC’s price volatility. REX Shares launches T-REX ETFs, targeting high-conviction Bitcoin traders.
Read more »
Bitcoin (BTC) Price Predictions: Time for New ATHs or Correction Not Over Yet?Crypto Blog
Read more »
Mt. Gox Transfers $2.2 Billion in BTC to New Address Amid Bitcoin Price RetreatCrypto Blog
Read more »