The crypto market fell sharply early on Oct. 7, with Bitcoin slipping below $84,000 and last trading at $83,804.60, down 2.13% over the past 24 hours, according to BlockBeats. The sell-off triggered heavy liquidations across the market. Data from Coinglass showed that total liquidations over the past hour reached $410 million, with long positions accounting for $398 million of that amount. The largest single liquidation was a $26.64 million Ethereum long position, while another $11.74 million Bitcoin long was also liquidated. Both of those positions were cleared on Binance. The move adds to the latest bout of volatility in the crypto market as prices weakened in a short period of time.
The crypto market saw a sharp drop early on Oct. 7. Bitcoin fell below $84,000 and was last quoted at $83,804.60, down 2.13% over the past 24 hours, according to BlockBeats.
Coinglass data showed that liquidations across the market totaled $410 million over the past hour, with $398 million coming from long positions.
The largest single liquidation was a $26.64 million ETH long position. Another BTC long worth $11.74 million was also liquidated. Both liquidations took place on Binance.
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