{"id":567888,"date":"2024-01-04T02:00:36","date_gmt":"2024-01-04T02:00:36","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=567888"},"modified":"2024-06-11T08:01:43","modified_gmt":"2024-06-11T08:01:43","slug":"crypto-futures-razed-657-million-bitcoin-crash","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/","title":{"rendered":"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash"},"content":{"rendered":"

Data shows the cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash.<\/p>\n

Crypto Futures Liquidations Have Added Up To $659 Million In Past Day<\/h2>\n

The cryptocurrency market has seen sharp price action during the past 24 hours. As is usually the case during such volatility, chaos has occurred on the futures side of the sector.<\/p>\n

Related Reading: Bitcoin Plunges Below Support As Price Crashes To $42,500<\/a><\/div>\n

According to data from CoinGlass<\/a>, almost $660 million in futures contracts have found liquidation on the last day.<\/p>\n

\"Bitcoin<\/p>\n

The data for the cryptocurrency liquidations over the last 24 hours | Source: CoinGlass<\/a><\/pre>\n
“Liquidation<\/a>” here naturally refers to the process that any contract undergoes when it racks up losses equivalent to a specific percentage of the position (which may differ between platforms). The exchange has to close it forcibly.<\/p>\n
The above table shows that the longs took the brunt of this liquidation flush, as they saw contracts worth about $568 million decimated. This equals about 86% of the total liquidations in the past day.<\/p>\n
The forceful closures have been so lopsided due to the sector observing a sharp drawdown following Bitcoin’s crash<\/a> that took its price to as low as $41,500.<\/p>\n
It’s also visible in the table that about $613 million of the total liquidations came during the last twelve hours alone, which again lines up with price action as that’s when the market was most volatile.<\/p>\n
Regarding the individual contributions from each of the different symbols, it’s no surprise that Bitcoin-related contracts occupied the largest share of the liquidations at about $148 million.<\/p>\n
\"Bitcoin<\/p>\n
The distribution of the liquidations across the different symbols | Source: CoinGlass<\/a><\/pre>\n
Generally, though, BTC makes up for a huge part of the total market liquidations, but this time, the asset’s percentage share isn’t too extraordinary. Ethereum (ETH) and Solana (SOL) are the next biggest contributors to the squeeze, with about $111 million and $34 million in liquidations, respectively.<\/p>\n
Historically, mass liquidation events like the one seen today haven’t exactly been a rare sight in the cryptocurrency sector due to the high volatility<\/a> that most coins display on the regular and extreme amounts of leverage being easily accessible in many exchanges.<\/p>\n
Recently, the interest in the derivatives side of the sector has become especially pronounced, as CryptoQuant Netherlands community manager Maartunn has talked about in a recent post<\/a> on X.<\/p>\n
\"Bitcoin<\/p>\n
Looks like the indicator's value has been high recently | Source: @JA_Maartun on X<\/a><\/pre>\n
As displayed in the graph, the Bitcoin futures volume has generally been higher than the spot volume during the last few years, but the gap between the two especially widened during the second half of 2023.<\/p>\n
Related Reading: Forget The SEC And Bitcoin ETF Approval Drama, Here\u2019s Why Bitcoin Flash Crashed<\/a><\/div>\n
The indicator’s value saw some decline in the last couple of months of the year, but the recent values of the metric have still been quite high compared to the norm in the past.<\/p>\n
Bitcoin Price<\/h2>\n
Bitcoin has seen some recovery since its initial crash, as the asset is now trading around the $42,700 mark.<\/p>\n
\"Bitcoin<\/p>\n
BTC has already retraced the entire price surge it saw to start the year 2024 | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Shutterstock.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Data shows the cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash. Crypto Futures Liquidations Have Added Up To $659 Million In Past Day The cryptocurrency market has seen sharp price action during the past 24 hours. As is usually the case during such volatility, chaos has occurred on the futures side of the sector. Related Reading: Bitcoin Plunges Below Support As Price Crashes To $42,500 According to data from CoinGlass, almost $660 million in futures contracts have found liquidation on the last day. The data for the cryptocurrency liquidations over the last 24 hours | Source: CoinGlass “Liquidation” here naturally refers to the process that any contract undergoes when it racks up losses equivalent to a specific percentage of the position (which may differ between platforms). The exchange has to close it forcibly. The above table shows that the longs took the brunt of this liquidation flush, as they saw contracts worth about $568 million decimated. This equals about 86% of the total liquidations in the past day. The forceful closures have been so lopsided due to the sector observing a sharp drawdown following Bitcoin’s crash that took its price to as low as $41,500. It’s also visible in the table that about $613 million of the total liquidations came during the last twelve hours alone, which again lines up with price action as that’s when the market was most volatile. Regarding the individual contributions from each of the different symbols, it’s no surprise that Bitcoin-related contracts occupied the largest share of the liquidations at about $148 million. The distribution of the liquidations across the different symbols | Source: CoinGlass Generally, though, BTC makes up for a huge part of the total market liquidations, but this time, the asset’s percentage share isn’t too extraordinary. Ethereum (ETH) and Solana (SOL) are the next biggest contributors to the squeeze, with about $111 million and $34 million in liquidations, respectively. Historically, mass liquidation events like the one seen today haven’t exactly been a rare sight in the cryptocurrency sector due to the high volatility that most coins display on the regular and extreme amounts of leverage being easily accessible in many exchanges. Recently, the interest in the derivatives side of the sector has become especially pronounced, as CryptoQuant Netherlands community manager Maartunn has talked about in a recent post on X. Looks like the indicator’s value has been high recently | Source: @JA_Maartun on X As displayed in the graph, the Bitcoin futures volume has generally been higher than the spot volume during the last few years, but the gap between the two especially widened during the second half of 2023. Related Reading: Forget The SEC And Bitcoin ETF Approval Drama, Here\u2019s Why Bitcoin Flash Crashed The indicator’s value saw some decline in the last couple of months of the year, but the recent values of the metric have still been quite high compared to the norm in the past. Bitcoin Price Bitcoin has seen some recovery since its initial crash, as the asset is now trading around the $42,700 mark. BTC has already retraced the entire price surge it saw to start the year 2024 | Source: BTCUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":567927,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,506,569,84332,1119,1144,6664,89654,85578],"class_list":["post-567888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-crash","tag-bitcoin-futures","tag-bitcoin-liquidations","tag-btc","tag-btcusd","tag-crypto","tag-crypto-futures","tag-crypto-liquidations"],"acf":[],"yoast_head":"\nCrypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash<\/title>\n<meta name=\"description\" content=\"The cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-04T02:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:01:43+00:00\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/www.uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash\",\"datePublished\":\"2024-01-04T02:00:36+00:00\",\"dateModified\":\"2024-06-11T08:01:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/\"},\"wordCount\":499,\"publisher\":{\"@id\":\"https:\/\/www.uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419\",\"keywords\":[\"bitcoin\",\"bitcoin crash\",\"bitcoin futures\",\"bitcoin liquidations\",\"btc\",\"btcusd\",\"crypto\",\"Crypto Futures\",\"crypto liquidations\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/\",\"url\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/\",\"name\":\"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash\",\"isPartOf\":{\"@id\":\"https:\/\/www.uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419\",\"datePublished\":\"2024-01-04T02:00:36+00:00\",\"dateModified\":\"2024-06-11T08:01:43+00:00\",\"description\":\"The cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage\",\"url\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419\",\"contentUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419\",\"width\":5141,\"height\":3419,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uniquehot.com\/#website\",\"url\":\"https:\/\/www.uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/www.uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash","description":"The cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash","og_description":"The cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash.","og_url":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-01-04T02:00:36+00:00","article_modified_time":"2024-06-11T08:01:43+00:00","author":"Keshav Verma","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#article","isPartOf":{"@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/www.uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash","datePublished":"2024-01-04T02:00:36+00:00","dateModified":"2024-06-11T08:01:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/"},"wordCount":499,"publisher":{"@id":"https:\/\/www.uniquehot.com\/#organization"},"image":{"@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419","keywords":["bitcoin","bitcoin crash","bitcoin futures","bitcoin liquidations","btc","btcusd","crypto","Crypto Futures","crypto liquidations"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/","url":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/","name":"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash","isPartOf":{"@id":"https:\/\/www.uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage"},"image":{"@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419","datePublished":"2024-01-04T02:00:36+00:00","dateModified":"2024-06-11T08:01:43+00:00","description":"The cryptocurrency futures sector has gone through a mass liquidation event in the past 24 hours as Bitcoin has witnessed a sharp crash.","breadcrumb":{"@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#primaryimage","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419","contentUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419","width":5141,"height":3419,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash"}]},{"@type":"WebSite","@id":"https:\/\/www.uniquehot.com\/#website","url":"https:\/\/www.uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/www.uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/www.uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash","url":"http:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/news\/crypto-futures-razed-657-million-bitcoin-crash\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin crash","bitcoin futures","bitcoin liquidations","btc","btcusd","crypto","crypto futures","crypto liquidations"],"dateCreated":"2024-01-04T02:00:36Z","datePublished":"2024-01-04T02:00:36Z","dateModified":"2024-06-11T08:01:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/crypto-futures-razed-657-million-bitcoin-crash\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/crypto-futures-razed-657-million-bitcoin-crash\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_326734052.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_326734052.jpg?fit=5141%2C3419\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin crash\",\"bitcoin futures\",\"bitcoin liquidations\",\"btc\",\"btcusd\",\"crypto\",\"crypto futures\",\"crypto liquidations\"],\"dateCreated\":\"2024-01-04T02:00:36Z\",\"datePublished\":\"2024-01-04T02:00:36Z\",\"dateModified\":\"2024-06-11T08:01:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_326734052.jpg?fit=5141%2C3419","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/567888"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=567888"}],"version-history":[{"count":0,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/567888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/567927"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=567888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=567888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=567888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}