---
title: "BTC Rejected Off $64,000 Crypto Market Suffers $600 Million Of Liquidations"
url: https://diffcoin.com/btc-rejected-off-64000-crypto-market-suffers-600-million-of-liquidations/
description: "Bitcoin’s price is nearing its all-time high, and its volatility has left thousands of traders destroyed."
published: 2024-02-28
updated: 2024-02-28
author: "Mila"
site: "Diffcoin"
---

# BTC Rejected Off $64,000 Crypto Market Suffers $600 Million Of Liquidations

The price of Bitcoin (BTC) experienced massive volatility on Wednesday, soaring to nearly $64,000 before sinking again to $60,500 within one hour.

Amid the chaos, crypto traders have experienced $638 million in liquidation over the past 24 hours, including $391 million of liquidations in the past 4 hours alone.

- According to Coinglass, about $55 million of liquidations in the last hour impacted a consortium of little-known altcoins, while $96 million was liquidated on BTC trades directly.
- Meanwhile, ETH traders suffered $45 million of liquidations, and DOGE traders lost $29 million.
- In the past 24 hours, a massive 168,988 traders were liquidated. The largest single liquidation occurred on OKX on a BTC-USDT trade for $9.45 million.
- The price of BTC is $61,400 at writing time, up 21% within the past five days alone.
- Many credit the asset’s recent surge to the launch of several bitcoin ETFs last month.
- BlackRock’s Bitcoin ETF – the largest of all newcomers – now holds over $8 billion in BTC, and absorbed a record $520 million of flows on Tuesday.

Bitcoin / USD. Source: TradingView

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[Source link](https://cryptopotato.com/btc-rejected-off-64000-crypto-market-suffers-600-million-of-liquidations/)