{"id":46735,"date":"2021-07-27T10:34:41","date_gmt":"2021-07-27T07:34:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46735"},"modified":"2025-09-01T17:52:55","modified_gmt":"2025-09-01T14:52:55","slug":"daily-liquidation-volume-on-the-crypto-derivatives-market-reached-1-13-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/daily-liquidation-volume-on-the-crypto-derivatives-market-reached-1-13-billion\/","title":{"rendered":"Daily liquidation volume on the crypto-derivatives market reached $1.13 billion"},"content":{"rendered":"

On July 26, the crypto-derivatives market saw liquidations totaling $1.13 billion. Of these, short positions accounted for $961.8 million, according to Bybt<\/a>.<\/p>\n

Shorts worth $883.1 million ($720.8 million in Bitcoin-based derivatives) were closed over a 12-hour period, coinciding with the $39,000 digital-gold level<\/a> being surpassed. The move may have been catalyzed by rumors that Amazon would add support for payments in Bitcoin.<\/p>\n

Earlier, on July 20, the price of Bitcoin fell below the $30,000 mark<\/a>. After The B World conference featuring Elon Musk<\/a>, prices began to rise.<\/p>\n

\\\"Daily
Liquidation dynamics on crypto-derivative platforms. Data: Bybt.<\/figcaption><\/figure>\n

According to Bybt, the last time comparable short liquidations ($1.05 billion) occurred was May 18, with Bitcoin accounting for less than half of that amount ($446.7 million). That day volatility spiked as Bitcoin plunged from $40,000 to $30,000, followed by a sharp recovery to around $36,500.<\/p>\n

Amazon’s denial<\/a> led to liquidations of long positions totaling $267.7 million over a 12-hour period from July 26 to 27. At the time of writing, Bitcoin was trading near $37,000.<\/p>\n

According to Bybt, over the last 24 hours liquidations affected the long and short positions of 89,290 traders.<\/p>\n

Bloomberg Intelligence senior commodities strategist Mike McGlone said<\/a> that Bitcoin is more likely to return to $60,000 than to fall to $20,000.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

On July 26, the crypto-derivatives market saw liquidations totaling $1.13 billion, of which $961.8 million were short positions, according to Bybt.<\/p>\n","protected":false},"author":1,"featured_media":46736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,480,1145],"class_list":["post-46735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46735"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46735\/revisions"}],"predecessor-version":[{"id":46737,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46735\/revisions\/46737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46736"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}