{"id":654799,"date":"2024-11-25T17:00:11","date_gmt":"2024-11-25T17:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=654799"},"modified":"2024-11-25T11:07:57","modified_gmt":"2024-11-25T11:07:57","slug":"500-million-wiped-bitcoin-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/500-million-wiped-bitcoin-price\/","title":{"rendered":"Over $500 Million Wiped Out From The Market As Bitcoin Price Fluctuates Heavily"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Traders have had a torrid start to the week, as over $500 million <\/span><span style=\"font-weight: 400\">has<\/span> <span style=\"font-weight: 400\">been liquidated<\/span><span style=\"font-weight: 400\"> 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.\u00a0<\/span><\/p>\n<h2>$500 Million Liquidated As Bitcoin Price Fluctuates<\/h2>\n<p><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" rel=\"nofollow\"><span style=\"font-weight: 400\">Coinglass data<\/span><\/a><span style=\"font-weight: 400\"> 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 <\/span><a href=\"https:\/\/bitcoinist.com\/analyst-warns-against-bitcoin-long-positions-why\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">long positions<\/span><\/a><span style=\"font-weight: 400\"> liquidated. Meanwhile, over $129 million in short positions were liquidated in the last 24 hours.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/dogecoin-2\/dogecoin-extends-rally-can-this-lead-to-a-breakout-above-0-82\/\">Dogecoin Extends Rally \u2013 Can This Lead To A Breakout Above $0.82?<\/a><\/div>\n<p><span style=\"font-weight: 400\">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 <\/span><a href=\"https:\/\/bitcoinist.com\/100k-bitcoin-is-only-the-beginning-vaneck-targets-180k\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">$100,000 milestone<\/span><\/a><span style=\"font-weight: 400\"> on November 23.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, some whales remain undeterred as they recently <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-whales-remain-determined-3-96-billion-worth-of-btc-gobbled-up-in-96-hours\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">bought $3.96 billion BTC<\/span><\/a><span style=\"font-weight: 400\"> in 96 hours. Notably, Bitcoin miner <\/span><a href=\"https:\/\/bitcoinist.com\/largest-public-bitcoin-miner-250-million-btc-buy\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Marathon Digital<\/span><\/a><span style=\"font-weight: 400\"> bought 5,771 BTC ($572 million) at an average price of 95,554 per BTC.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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 <\/span><a href=\"https:\/\/bitcoinist.com\/100k-bitcoin-is-only-the-beginning-vaneck-targets-180k\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">VanEck recently stated<\/span><\/a><span style=\"font-weight: 400\"> that $100,000 is only the beginning and predicted that Bitcoin could still reach as high as $180,000.\u00a0<\/span><\/p>\n<h2>Today Could Be The Day<\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-correction-looms-as-analyst-predicts-85600\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ali Martinez<\/span><\/a><span style=\"font-weight: 400\"> 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 <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-pauses-100k\/\"><span style=\"font-weight: 400\">Relative Strength Index (RSI)<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/xrp-price-reaches-3-year-high-at-1-6-2-ways-it-can-go-from-here\/\">XRP Price Reaches 3-Year High At $1.6 \u2013 2 Ways It Can Go From Here<\/a><\/div>\n<p><span style=\"font-weight: 400\">In another X post, Martinez suggested that $100,000 won\u2019t be the cycle top for the Bitcoin price in <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bull-market-glassnode\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">this bull run<\/span><\/a><span style=\"font-weight: 400\">. 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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If this historic trend continues, the Bitcoin price could peak between June and September 2025. Crypto analysts like <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoins-next-cycle-peak-narrowed-down\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Rekt Capital<\/span><\/a><span style=\"font-weight: 400\"> have also predicted that this period could mark the peak for Bitcoin in this bull run.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, the Bitcoin price is trading at around $98,300, up in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/tSCWiPr0\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">BTC price struggles at $98,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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.\u00a0 $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.\u00a0 Related Reading: Dogecoin Extends Rally \u2013 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.\u00a0 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.\u00a0 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.\u00a0 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.\u00a0 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).\u00a0 Related Reading: XRP Price Reaches 3-Year High At $1.6 \u2013 2 Ways It Can Go From Here In another X post, Martinez suggested that $100,000 won\u2019t 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.\u00a0 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.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":649242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790,6664,15561,10923,14690,1558,1564],"class_list":["post-654799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-adoption","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-cryptocurrency-market"],"acf":[],"yoast_head":"\n<title>Over $500 Million Wiped Out 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