{"id":651149,"date":"2024-11-02T04:00:16","date_gmt":"2024-11-02T04:00:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651149"},"modified":"2024-11-01T15:58:31","modified_gmt":"2024-11-01T15:58:31","slug":"bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/","title":{"rendered":"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?"},"content":{"rendered":"

Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some losses.<\/p>\n

Liquidation Data At A Glance<\/span><\/h2>\n

Although BTC is trading close to its all-time high (ATH) value of $73,737, yesterday’s quick drop in price cast doubts on whether the top digital asset will be able to record a new ATH.<\/span><\/p>\n

Related Reading: Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside<\/a><\/div>\n

According to CoinGlass data <\/a>from the crypto liquidations tracker<\/span>, more than $296 million of active positions were liquidated in the last 24 hours.\u00a0<\/span><\/p>\n

Nearly 77% were long positions, indicating that traders were largely betting on BTC\u2019s continued upward momentum. Binance saw the most liquidations at $124 million, followed by OKX with $74 million and Bybit with $65 million.<\/span><\/p>\n

\"crypto
Source: CoinGlass<\/a><\/figcaption><\/figure>\n

In digital assets, Bitcoin led with over $97 million worth of positions liquidated, followed by Ethereum (ETH) at $47 million, and Solana at nearly $17 million.<\/span><\/p>\n

With yesterday\u2019s slump, the total crypto market cap has shrunk by about 3.5%, currently valued at $2.48 trillion. It is worth noting that although BTC is close to its ATH, the total crypto market cap is still considerably far from its ATH of $2.98 trillion recorded in November 2021.<\/span><\/p>\n

The gap between BTC’s performance and the overall market cap suggests that altcoins have not kept pace with BTC’s recent gains, contributing to the disparity. This could also indicate a cautious investor sentiment, favoring BTC over altcoins during uncertain periods.<\/span><\/p>\n

At the same time, it suggests that there is still a lot of room for altcoins to grow, which could tempt some more risk-seeking investors to accumulate altcoins in hopes of extraordinary gains relative to BTC.<\/span><\/p>\n

That said, Bitcoin dominance – a metric that gauges the proportion of the overall crypto market cap commanded by BTC – is steadily climbing toward 60%. A higher BTC dominance could spell disaster for altcoins already trailing BTC in price action.<\/span><\/p>\n

\"btc
Source: CoinGecko<\/a><\/figcaption><\/figure>\n

Can Bitcoin Still Hit ATH?<\/span><\/h2>\n

The question on the minds of crypto enthusiasts is whether BTC will achieve a new ATH during this rally. The answer is not straightforward.<\/span><\/p>\n

Related Reading: Bitcoin\u2019s Active Addresses Signals Golden Cross\u2014What Next For BTC?<\/a><\/div>\n

Factors supporting a potential new ATH include the <\/span>increased<\/span><\/a> likelihood of pro-crypto US presidential candidate Donald Trump winning the election, the effects of BTC halving, <\/span>increased<\/span><\/a> inflows to BTC exchange-traded funds (ETF), and a low interest rate environment.<\/span><\/p>\n

On the contrary, sentiment indicators like the Fear and Greed Index suggest the market is still in a \u2018greed\u2019 phase, hinting that there could be more pain for the market before the next leg up.<\/span><\/p>\n

Regardless of the outcome, the crypto market will likely remain volatile in the coming days. However, long-term BTC holders do not appear fazed by this prospect, as profit-taking <\/span>remained<\/span><\/a> relatively muted when the digital asset crossed $71,000.<\/span><\/p>\n

At press time, BTC trades at $71,524, up a modest 0.6% in the past 24 hours, with a reported market cap of $1.41 trillion.<\/span><\/p>\n

\"bitcoin\"
BTC trades at $71,524 on the daily chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Unsplash, Charts from CoinGecko, CoinGlass, and Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some losses. Liquidation Data At A Glance Although BTC is trading close to its all-time high (ATH) value of $73,737, yesterday’s quick drop in price cast doubts on whether the top digital asset will be able to record a new ATH. Related Reading: Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside According to CoinGlass data from the crypto liquidations tracker, more than $296 million of active positions were liquidated in the last 24 hours.\u00a0 Nearly 77% were long positions, indicating that traders were largely betting on BTC\u2019s continued upward momentum. Binance saw the most liquidations at $124 million, followed by OKX with $74 million and Bybit with $65 million. In digital assets, Bitcoin led with over $97 million worth of positions liquidated, followed by Ethereum (ETH) at $47 million, and Solana at nearly $17 million. With yesterday\u2019s slump, the total crypto market cap has shrunk by about 3.5%, currently valued at $2.48 trillion. It is worth noting that although BTC is close to its ATH, the total crypto market cap is still considerably far from its ATH of $2.98 trillion recorded in November 2021. The gap between BTC’s performance and the overall market cap suggests that altcoins have not kept pace with BTC’s recent gains, contributing to the disparity. This could also indicate a cautious investor sentiment, favoring BTC over altcoins during uncertain periods. At the same time, it suggests that there is still a lot of room for altcoins to grow, which could tempt some more risk-seeking investors to accumulate altcoins in hopes of extraordinary gains relative to BTC. That said, Bitcoin dominance – a metric that gauges the proportion of the overall crypto market cap commanded by BTC – is steadily climbing toward 60%. A higher BTC dominance could spell disaster for altcoins already trailing BTC in price action. Can Bitcoin Still Hit ATH? The question on the minds of crypto enthusiasts is whether BTC will achieve a new ATH during this rally. The answer is not straightforward. Related Reading: Bitcoin\u2019s Active Addresses Signals Golden Cross\u2014What Next For BTC? Factors supporting a potential new ATH include the increased likelihood of pro-crypto US presidential candidate Donald Trump winning the election, the effects of BTC halving, increased inflows to BTC exchange-traded funds (ETF), and a low interest rate environment. On the contrary, sentiment indicators like the Fear and Greed Index suggest the market is still in a \u2018greed\u2019 phase, hinting that there could be more pain for the market before the next leg up. Regardless of the outcome, the crypto market will likely remain volatile in the coming days. However, long-term BTC holders do not appear fazed by this prospect, as profit-taking remained relatively muted when the digital asset crossed $71,000. At press time, BTC trades at $71,524, up a modest 0.6% in the past 24 hours, with a reported market cap of $1.41 trillion. Featured image from Unsplash, Charts from CoinGecko, CoinGlass, and Tradingview.com<\/p>\n","protected":false},"author":619,"featured_media":651156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[134,10768,428,1119,16154,78790,85578,1558,15385,1946,83626],"class_list":["post-651149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-altcoin","tag-binance","tag-bitcoin","tag-btc","tag-btc-dominance","tag-btcusdt","tag-crypto-liquidations","tag-cryptocurrency","tag-digital-asset","tag-ethereum","tag-solana"],"acf":[],"yoast_head":"\nBitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some of the losses.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some of the losses.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/\" \/>\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=\"2024-11-02T04:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-01T15:58:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1277\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ash Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ash Tiwari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/\"},\"author\":{\"name\":\"Ash Tiwari\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\"},\"headline\":\"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?\",\"datePublished\":\"2024-11-02T04:00:16+00:00\",\"dateModified\":\"2024-11-01T15:58:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/\"},\"wordCount\":545,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277\",\"keywords\":[\"altcoin\",\"Binance\",\"bitcoin\",\"btc\",\"btc dominance\",\"BTCUSDT\",\"crypto liquidations\",\"cryptocurrency\",\"digital asset\",\"ethereum\",\"Solana\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/\",\"url\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/\",\"name\":\"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277\",\"datePublished\":\"2024-11-02T04:00:16+00:00\",\"dateModified\":\"2024-11-01T15:58:31+00:00\",\"description\":\"Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some of the losses.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277\",\"width\":1920,\"height\":1277,\"caption\":\"bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/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:\/\/uniquehot.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41\",\"name\":\"Ash Tiwari\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g\",\"caption\":\"Ash Tiwari\"},\"description\":\"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.\",\"url\":\"https:\/\/uniquehot.com\/author\/aisshwaryatiwari\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?","description":"Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some of the losses.\u00a0","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:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?","og_description":"Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some of the losses.\u00a0","og_url":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-02T04:00:16+00:00","article_modified_time":"2024-11-01T15:58:31+00:00","og_image":[{"width":1920,"height":1277,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277","type":"image\/jpeg"}],"author":"Ash Tiwari","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ash Tiwari","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/"},"author":{"name":"Ash Tiwari","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41"},"headline":"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?","datePublished":"2024-11-02T04:00:16+00:00","dateModified":"2024-11-01T15:58:31+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/"},"wordCount":545,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277","keywords":["altcoin","Binance","bitcoin","btc","btc dominance","BTCUSDT","crypto liquidations","cryptocurrency","digital asset","ethereum","Solana"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/","url":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/","name":"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277","datePublished":"2024-11-02T04:00:16+00:00","dateModified":"2024-11-01T15:58:31+00:00","description":"Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some of the losses.\u00a0","breadcrumb":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277","width":1920,"height":1277,"caption":"bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/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:\/\/uniquehot.com\/#\/schema\/person\/66ba14b4f737ebbc85ec7d893b1f9f41","name":"Ash Tiwari","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/477dc73c26a35c18ca40f21a879a99b3?s=96&d=mm&r=g","caption":"Ash Tiwari"},"description":"Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash\u2019s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash\u2019s interest is driven by the technology\u2019s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash\u2019s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash\u2019s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash\u2019s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain\u2019s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash\u2019s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash\u2019s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.","url":"https:\/\/uniquehot.com\/author\/aisshwaryatiwari\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Correction Triggers $296 Million In Liquidations \u2013 Can BTC Still Hit ATH?","url":"http:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/bitcoin-news\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Ash Tiwari"}],"creator":["Ash Tiwari"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","binance","bitcoin","btc","btc dominance","btcusdt","crypto liquidations","cryptocurrency","digital asset","ethereum","solana"],"dateCreated":"2024-11-02T04:00:16Z","datePublished":"2024-11-02T04:00:16Z","dateModified":"2024-11-02T04:00:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Correction Triggers $296 Million In Liquidations \\u2013 Can BTC Still Hit ATH?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/bitcoin-price-correction-triggers-296-million-in-liquidations-can-btc-still-hit-ath\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/bitcoin.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/bitcoin.jpg?fit=1920%2C1277\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ash Tiwari\"}],\"creator\":[\"Ash Tiwari\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"binance\",\"bitcoin\",\"btc\",\"btc dominance\",\"btcusdt\",\"crypto liquidations\",\"cryptocurrency\",\"digital asset\",\"ethereum\",\"solana\"],\"dateCreated\":\"2024-11-02T04:00:16Z\",\"datePublished\":\"2024-11-02T04:00:16Z\",\"dateModified\":\"2024-11-02T04:00:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/bitcoin.jpg?fit=1920%2C1277","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/619"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=651149"}],"version-history":[{"count":4,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651149\/revisions"}],"predecessor-version":[{"id":651181,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651149\/revisions\/651181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/651156"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=651149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=651149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=651149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}