{"id":14446,"date":"2024-01-01T17:04:19","date_gmt":"2024-01-01T17:04:19","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=14446"},"modified":"2024-01-01T17:04:22","modified_gmt":"2024-01-01T17:04:22","slug":"new-year-begins-with-225m-in-crypto-market-liquidations","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14446","title":{"rendered":"New year begins with $225M in crypto market liquidations"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>The cryptocurrency market kicked off the new year slowly as over 99,000 traders were liquidated of approximately $225 million within the past day.<\/p>\n<p>Data from Coinglass shows that traders betting on further price increases bore the brunt of the losses, with around $135.70 million liquidated. On the other hand, traders with bearish sentiments\u2014 short traders\u2014lost $87.81 million during the reporting period.<\/p>\n<p>Surprisingly, little-known Tellor Tributes\u2019 TRB token accounted for most of the losses. Traders who held positions on the digital asset contributed more than 32%, or $73.14 million, of the total liquidations.<\/p>\n<p>TRB\u2019s liquidations coincided with a 36.2% decline in value as the digital asset rapidly climbed to over $600 from $200 before sharply falling to around $187 as of press time.<\/p>\n<p>It was unclear why TRB\u2019s price experienced heavy volatility during the reporting period.<\/p>\n<p>Meanwhile, traders betting on the prices of the top two digital assets by market capitalization\u2014Bitcoin and Ethereum\u2014lost $22.96 million, respectively.<\/p>\n<p>During the reporting period, Bitcoin traded largely flat, up by a meager 0.51% to $42,758.<\/p>\n<p>This price performance is coming despite the market optimism surrounding a possible approval for a spot exchange-traded fund (ETF) in the U.S. There are reports that the Securities and Exchange Commission (SEC) might start approving some of these applications from as early as Jan. 2 and 3.<\/p>\n<p>On the other hand, Ethereum\u2019s price fell by 0.36% to $2,306 as of press time.<\/p>\n<p>Speculators on the price of other large-cap cryptocurrencies like Solana, ORDI, and XRP also experienced losses of $7.98 million, $7.58 million, and $1.1 million, respectively.<\/p>\n<p>Crypto traders using the embattled Binance platform accounted for nearly 50% of the total losses suffered in the market. The exchange users lost $94.76 million during the past day, with the most significant single liquidation order being a $3.07 million long position on Ether.<\/p>\n<p>Traders using OKX were liquidated for $76.6 million, while those on ByBit\u00a0and\u00a0HTX cumulatively lost nearly $50 million.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/new-year-begins-with-225m-in-crypto-market-liquidations\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market kicked off the new year slowly as over 99,000 traders were liquidated of approximately $225 million within the past day. Data from Coinglass shows that traders betting on further price increases bore the brunt of the losses, with around $135.70 million liquidated. On the other hand, traders with bearish sentiments\u2014 short traders\u2014lost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-14446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14446"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14446\/revisions"}],"predecessor-version":[{"id":14448,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14446\/revisions\/14448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14447"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}