Add as a preferred source on GoogleBitcoin Falls 3.35% in Four Hours to $78,211 on Binance
A one-hour tally across Binance, Bybit and OKX recorded $27.56 million in long liquidations and $40,000 in short liquidations.
Bitcoin (BTC) fell 3.35% in four hours to $78,211 on Binance spot BTC/USDT at 7:50 p.m. ET Thursday, Oct. 29 (11:50 p.m. UTC). The move put BTC $2,710 below its $80,921 reading four hours earlier.
BTC was down 3.78% over the 24 hours ending at the same observation time. The $78,211 figure is a Binance spot BTC/USDT quote, while the $80,921 figure is the same pair’s reading four hours earlier.
Bitcoin liquidations across Binance, Bybit and OKX totaled $27.56 million in longs and $40,000 in shorts during the same one-hour period. Long positions are bets that the asset’s price will rise; short positions are bets on a decline. The long-liquidation total exceeded short liquidations by $27.52 million. The tally combines figures from all three exchanges.
Bitcoin ranked first among crypto assets by market capitalization, at about $1.583 trillion at the time of the quote.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.