{"id":144054,"date":"2024-12-05T22:43:22","date_gmt":"2024-12-05T20:43:22","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144054"},"modified":"2024-12-05T22:49:31","modified_gmt":"2024-12-05T20:49:31","slug":"bitcoin-tumbles-to-98000-massive-112m-liquidations-hit-in-just-an-hour","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-tumbles-to-98000-massive-112m-liquidations-hit-in-just-an-hour\/","title":{"rendered":"Bitcoin Tumbles to $98,000 &#8211; Massive $112M Liquidations Hit in Just an Hour"},"content":{"rendered":"<p>After the incredible gains <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>witnessed earlier on Thursday, the number one cryptocurrency by market cap slipped below the $100,000 threshhold.<\/p>\n<p>At the time of wrting, Bitcoin is trading at $98,800 after a 2.35% price drop in the past hour and has a market cap of $1.9 trillion.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-tumbles-to-98000-massive-112m-liquidations-hit-in-just-an-hour\/btcusd_2024-12-05_22-42-03\/\" rel=\"attachment wp-att-144055\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-144055\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/BTCUSD_2024-12-05_22-42-03.png\" alt=\"\" width=\"2048\" height=\"937\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/BTCUSD_2024-12-05_22-42-03.png 2048w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/BTCUSD_2024-12-05_22-42-03-300x137.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/BTCUSD_2024-12-05_22-42-03-1024x469.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/BTCUSD_2024-12-05_22-42-03-768x351.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/BTCUSD_2024-12-05_22-42-03-1536x703.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/a><\/p>\n<p>According to data from <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a><\/strong>, $112.95 million were liquidated during this period &#8211; $108.89 million in longs and $4.02 in short positions.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-set-for-major-gains-as-strong-fundamentals-and-institutional-interest-surge\/\" title=\"Ethereum Set for Major Gains as Strong Fundamentals and Institutional Interest Surge\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/ethereumbuysellpng-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum Set for Major Gains as Strong Fundamentals and Institutional Interest Surge<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>This brings the total liquidations for the past 24 hours to $649.1 million &#8211; $408.29 million in long positions and $240.86 million in shorts.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-tumbles-to-98000-massive-112m-liquidations-hit-in-just-an-hour\/screenshot-2024-12-05-224342\/\" rel=\"attachment wp-att-144058\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-144058\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/Screenshot-2024-12-05-224342.png\" alt=\"\" width=\"779\" height=\"350\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/Screenshot-2024-12-05-224342.png 779w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/Screenshot-2024-12-05-224342-300x135.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/Screenshot-2024-12-05-224342-768x345.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/a><\/p>\n<p>Despite this recent decline, BTC is still up almost 4% on the weekly chart and has a 24-hour trading volume of around $142.4 billion.<\/p>\n<p>The 1-day technical analysis from TradingView remains bullish, with the summary pointing to &#8220;&#8221;buy&#8221; at 15, the moving averages show &#8220;strong buy&#8221; at 14, and oscillators remain &#8220;neutral&#8221; at 9.<\/p>\n<p>The total cryptocurrency market cap dropped 1.25% today and is currently at $3.57 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin recently surged to a fresh all-time high above $104,000 but it seems the bulls have exhausted themselves and now the bears are taking control.<\/p>\n","protected":false},"author":9,"featured_media":132451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-144054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Tumbles to $98,000 - Massive $112M Liquidations Hit in Just an Hour<\/title>\n<meta name=\"description\" content=\"Bitcoin recently surged to a fresh all-time high above $104,000 but it seems the bulls have exhausted themselves and now the bears ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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