{"id":2434,"date":"2024-07-03T22:02:35","date_gmt":"2024-07-03T22:02:35","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/03\/crypto-liquidations-double-as-market-cap-drops-to-2-month-low\/"},"modified":"2024-07-03T22:02:35","modified_gmt":"2024-07-03T22:02:35","slug":"crypto-liquidations-double-as-market-cap-drops-to-2-month-low","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/03\/crypto-liquidations-double-as-market-cap-drops-to-2-month-low\/","title":{"rendered":"Crypto liquidations double as market cap drops to 2-month low"},"content":{"rendered":"<p>According to data provided by Coinglass, the total crypto liquidations have surged by 114% over the past 24 hours, reaching a current total of $265 million. Of this amount, $236 million represents the liquidation of long positions. In total, over 102,000 traders have faced liquidations within this timeframe. The market experienced a brief plunge in the asset&#8217;s price, dipping below the $58,000 mark, prompting fear, uncertainty, and doubt (FUD) within the market.<\/p>\n<p>During the same 24-hour period, the value of ETH dropped by 4.4%, with the cryptocurrency trading at $3,215 at the time of reporting. Binance, the largest crypto exchange by trading volume, reported $112 million in liquidations, accounting for 42% of the total amount. Following closely behind is OKX, with $87 million in liquidations. Coinglass data also indicates that global cryptocurrency open interest decreased by 4.7% over the past 24 hours, stabilizing at around $58.5 billion.<\/p>\n<p>As open interest declines, lower market volatility and liquidations can be expected amidst sideways movements. This level of open interest has not been observed since May 1, when the market witnessed a short-term bullish momentum. It is important to take into account the unpredictability of market movements, particularly in the midst of market-wide FUD.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to data provided by Coinglass, the total crypto liquidations have surged by 114% over the past 24 hours, reaching a current total of $265 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[737],"tags":[],"class_list":["post-2434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-movements"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2434"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2433"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}