📉 Bitcoin’s Price Drop to $64,000 Leads to $210 Million Liquidations in One Day

Irma - Apr 25 - - Dev Community

🌍 Market Volatility: Bitcoin's drop to $64,000 caused significant market volatility, impacting altcoins more severely than BTC.

đź’Ą Massive Liquidations: The decline led to over $210 million in liquidations within 24 hours, affecting both long and short traders across various cryptocurrencies like Ethereum and Solana.

📉 Altcoin Declines: Altcoins like Solana (SOL), Toncoin (TON), Cardano (ADA), and others experienced substantial drops, with SOL plummeting over 7% in the past day.

đź’Ľ ETF Trader Reactions: Amidst market turmoil, Bitcoin ETF traders sought safety, resulting in significant outflows from Grayscale's ETF GBTC and inflows into Fidelity's ETF FBTC and others. đź’°

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