Weekend wipeout: Bitcoin stumbles, $500M in liquidations follow!

AMB Crypto 10 months ago 250

Crypto liquidations wipe hundreds of millions from the market.
BTC ($111,490.00) dips after nearing six-digit valuation.

The cryptocurrency market witnessed a major weekend liquidation event, with nearly $500 million wiped out over the past day, as per data from Coinglass.

This massive event followed Bitcoin’s [BTC] recent price activity. The leading cryptocurrency hit an all-time high of over $99,500 last week before dropping as low as $96,000 on 24th November. The sharp dip, coupled with the market volatility, triggered extensive liquidations, leaving traders reeling.

AMBCrypto reported that despite leading analysts assigning an 81% probability of BTC hitting $100,000, the weekend closed without the expected breakthrough amid bearish pressure.

Crypto market meltdown: A deep dive into liquidations

Notably, AMBCrypto’s in-depth analysis of Coinglass data revealed that 188,666 traders faced liquidations over the pa...

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