{"id":52764,"date":"2023-06-21T06:49:07","date_gmt":"2023-06-21T10:49:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52764"},"modified":"2023-06-21T06:51:31","modified_gmt":"2023-06-21T10:51:31","slug":"bitcoin-price-approaches-29k","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-price-approaches-29k\/","title":{"rendered":"Bitcoin Price Approaches $29K"},"content":{"rendered":"\n

In the past day, Bitcoin saw more than $75 million worth of long and short liquidation. Shorts worth $61.21 million were liquidated.<\/a><\/p>\n\n\n\n

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Bitcoin's Price Approaches $29K<\/figcaption><\/figure>\n\n\n\n

The worldwide digital asset market experienced a tremendous rally on Wednesday, as the price of the largest cryptocurrency, Bitcoin (BTC), increased by approximately 8% over the previous twenty-four hours. According to the data, the present price increase has left crypto shorts bleeding.\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

Bitcoin Price Move Crypto Market Up<\/h2>\n\n\n\n

In the last 24 hours, more than 46K merchants have been liquidated, according to data from Coinglass. The total reported liquidation exceeds $162.05 million, with Binance executing the most significant liquidation order of BTC\/USDT worth $4.67 million.<\/p>\n\n\n\n

80.4% of the positions (approximately $130 million) out of a total of $162.05 million in liquidations are short positions. This suggests that crypto traders anticipated a significant Bitcoin price decline due to the volatile market sentiment. However, Binance<\/use><\/svg><\/span><\/a> reported the most liquidation the past day, $54 million.<\/p>\n\n\n\n

Bitcoin saw over $75 million<\/strong> worth of long and short liquidation in the past day. According to the data, Bitcoin short positions worth $61.21 million were liquidated.<\/p>\n\n\n\n

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Source: Coinglass Data<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

In the past day, Bitcoin saw more than $75 million worth of long and short liquidation. Shorts worth $61.21 million were liquidated. The worldwide digital asset market experienced a tremendous rally on Wednesday, as the price of the largest cryptocurrency, Bitcoin (BTC), increased by approximately 8% over the previous twenty-four hours. According to the data, […]<\/p>\n","protected":false},"author":53,"featured_media":52766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[76],"tags":[5371,6119,5392],"class_list":["post-52764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-price","tag-bitcoin-2","tag-bitcoin-price-2","tag-cryptocurrency-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/btc-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52764"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52766"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}