{"id":16932,"date":"2021-04-19T18:10:02","date_gmt":"2021-04-19T18:10:02","guid":{"rendered":"http:\/\/ci0281082a10002496"},"modified":"2025-01-30T12:34:10","modified_gmt":"2025-01-30T12:34:10","slug":"bitcoin-sees-historic-liquidations","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-sees-historic-liquidations","title":{"rendered":"Bitcoin Sees Historic Levels Of Liquidation Across Multiple Exchanges"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Late Saturday night and early Sunday morning, a selloff in the spot bitcoin market triggered a cascading number of liquidations across the derivatives market in a truly historic moment. Reputable blockchain analyst Willy Woo <a href=\"https:\/\/twitter.com\/woonomic\/status\/1383841386282188804?s=20\" target=\"_blank\" rel=\"noopener\">pointed to the 9,000 BTC<\/a> inflow to cryptocurrency exchange Binance as the catalyst.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/4_image.png\" title=\"\"><\/figure>\n<p>Open interest in bitcoin futures has continued to climb throughout 2021, and was at an all-time high of approximately $24 billion prior to the selloff, with open interest now sitting at $17.7 billion.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/3_image-2.png\" title=\"\"><\/figure>\n<p>The aggregate amount of leveraged long liquidations eclipsed even the notorious March 2020 crash, with $3.4 billion in long liquidations this past weekend, compared to a total of about $1.9 billion last March.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/1_image-1.png\" title=\"\"><\/figure>\n<p>During the liquidation event, contracts across derivatives exchanges plummeted well below spot price, with XBT\/USD BitMEX contracts hitting as far as -3.02% below BTC\/USD on Coinbase, presenting a great entry point for opportunistic traders.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/14_pasted-image-0.png\" title=\"\"><\/figure>\n<p>Since the weekend selloff, the price of bitcoin has since slightly recovered, retracing back to $55,400 at the time of writing from the weekend low of $51,300.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a historic weekend of liquidations, where do the bitcoin price and investor interest currently stand?<\/p>\n","protected":false},"author":2539,"featured_media":8910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[85,132],"class_list":["post-16932","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-bitcoin-magazine-pro","tag-bitcoin-price"],"author_data":{"id":2539,"name":"Dylan Leclair","nicename":"dylan-leclair","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/dylanheadshot-edited-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/liquid-network-expands-with-new-memberships-and-integrations.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2539"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16932"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/8910"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}