---
title: "$150M in Liquidations as Bitcoin (BTC) Price Falls $2.5K in Minutes"
url: https://diffcoin.com/150m-in-liquidations-as-bitcoin-btc-price-falls-2-5k-in-minutes/
description: "BTC went to another monthly low of $54,400 in minutes."
published: 2024-09-06
updated: 2024-09-06
author: "Mila"
site: "Diffcoin"
---

# $150M in Liquidations as Bitcoin (BTC) Price Falls $2.5K in Minutes

Bitcoin had finally seen a minor relief rally that drove it to $57,000 after the US jobs report when the bears reminded of their presence and pushed it south hard.

The total liquidations have skyrocketed to about $150 million on a daily basis.

The primary cryptocurrency has faced its fair share of adversity in the past week or so, as its price tumbled from $65,100 last Monday to $55,500 earlier today.

This is when some positive news affected the market. As reported earlier today, the asset jumped to $57,000 after the US released the August jobs report, which outlined a minor decline in the unemployment rate.

However, that was another short-lived rally that actually turned out to be a false breakout. Instead of further increasing on the hopes of upcoming rate cuts in the States, BTC quickly retraced hard.

In a matter of minutes, the asset slumped by about two and a half grand from $57,000 to $54,400. This became its lowest price tag in exactly a month.

![Bitcoin/Price/Chart 06.09.2024. Source: TradingView](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAzMDMwIDE0NzgiIHdpZHRoPSIzMDMwIiBoZWlnaHQ9IjE0NzgiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDI0JTJGMDklMkZCVENVU0QtNy5wbmciIGRhdGEtdz0iMzAzMCIgZGF0YS1oPSIxNDc4IiBkYXRhLWJpcD0iIj48L3N2Zz4=)

Bitcoin/Price/Chart 06.09.2024. Source: TradingView

The altcoins followed suit, with ETH declining to $2,320, SOL dropping below $130, and XRP retracing to $0.53.

This volatility has harmed over-leveraged traders as over 45,000 such market participants have been wrecked in the past day. The total value of liquidations is up to $150 million within the same timeframe.

The single-largest wrecked position was a whooping one. It took place on HTX and was worth north of $13 million.

SPECIAL OFFER (Sponsored)  
  **Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance**  (full details).

**LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!**

[Source link](https://cryptopotato.com/150m-in-liquidations-as-bitcoin-btc-price-falls-2-5k-in-minutes/)