---
title: "Nearly $700 Million Liquidated as Bitcoin (BTC) Price Slumps to $67K"
url: https://diffcoin.com/nearly-700-million-liquidated-as-bitcoin-btc-price-slumps-to-67k/
description: "The alternative coins have tumbled just as badly, with double-digit losses from the likes of DOGE and SHIB."
published: 2024-03-15
updated: 2024-03-15
author: "Mila"
site: "Diffcoin"
---

# Nearly $700 Million Liquidated as Bitcoin (BTC) Price Slumps to $67K

After a few consecutive days of charting impressive gains and recording new ATHs, Bitcoin’s price has finally retraced in a violent fashion to a weekly low of $67,000.

The altcoins have also turned red, leading to almost 200,000 liquidated traders in the past 24 hours.

*CryptoPotato* reported BTC’s recent ascent that drove the asset from $61,000 to over $73,000 within ten days or so. The latest record came yesterday when the primary cryptocurrency neared $74,000 for the first time ever.

The alternative coins followed suit with multi-year records from the likes of Ethereum, which surpassed $4,000, SOL, which went as high as $180, and BNB, which soared past $600.

Such rallies are frequently followed by sharp retracements as some investors tend to cash out, and there were such warnings yesterday.

BTC first slumped to $70,000, but the bears kept pushing it south, and the asset tumbled all the way down to $67,000 hours ago, a level not seen in a week.

![BTCUSD. Source: TradingView](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxODM1IDg1MyIgd2lkdGg9IjE4MzUiIGhlaWdodD0iODUzIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNCUyRjAzJTJGQlRDVVNELTE2LnBuZyIgZGF0YS13PSIxODM1IiBkYXRhLWg9Ijg1MyIgZGF0YS1iaXA9IiI+PC9zdmc+)

BTCUSD. Source: TradingView

The altcoins are also deep in the red, with ETH and BNB dumping by 7% to under $3,700 and $575, respectively.

The most substantial losses from the larger cap alts come from Dogecoin (-12%) and Shiba Inu (-11%).

These adverse price movements have liquidated more than 190,000 traders, according to CoinGlass. The total value of wrecked positions is just shy of $700 million, with the single-largest taking place on OKX, which was worth over $13 million.

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[Source link](https://cryptopotato.com/nearly-700-million-liquidated-as-bitcoin-btc-price-slumps-to-67k/)