• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, June 3, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Bitcoin (BTC) Price Shift: Traders Losses, Whale Activity

Jordan Avery by Jordan Avery
April 13, 2024
in News
Reading Time: 3 mins read
0
bitcoin-price-whales-drop
Share on TwitterShare on Facebook

The overall liquidation of cryptocurrency market over the past day totaled $939 million. This time, the non-Bitcoin altcoins were the ones that were forced to close down, and they were the ones that suffered more than BTC. The price of the world’s largest cryptocurrency, experienced a sudden decline today and the price fell below $66,00, however, Whales took this opportunity to buy the dip.

BTC and Altcoin Traders Lose Millions in Market Plunge

The drop in the price of Bitcoin (BTC) below $66,000 has cost traders $930 million by now. BTC traders gave up a total of more than 184 million dollars. The participants of the market who were long on Ethereum (ETH) also had to bear a loss, which was $139.07 million as the second largest cryptocurrency by capitalization which is ETH witnessed a big drop.

BITCOIN-BTC-ALCOINS-liquidations
www.coinglass.com

The leaders in the liquidations among altcoins just like SOL, DOGE and many other famous coins were also among the liquidators. More than 90% of the liquidations are concentrated on OKX, Bybit, Binance and Huobi. The biggest of the day was done by OKX – the exchange filled the ETHUSD order for $7.19 million.

What’s happening to the price of Bitcoin (BTC)?

Bitcoin’s price, which had been above $66,000 earlier today, dropped below that level. A contributing factor in the panic selling was the escalating conflict in the Middle East. In addition, investors continue to withdraw funds from spot ETFs: net outflows equaled about $55 million during the last 24 hours.

BITCOIN-BTC-PRICE-whales
tradingview

At the time of writing, BTC has recovered from the low point, with the asset trading around $67,679.

Bitcoin Whales took this opportunity to buy the dip

The announcement of the U.S. CPI (Consumer Price Index) data sparked a massive fall of the crypto market. Bitcoin (BTC) suffered a big decline because investors did not expect the CPI report for March to be 3.5%, but the report was 3.4%, thus the inflation is on the rise.

BTC price, which was at $71,500 at the time of the news, dropped below $66,00. With the prices dropping, whales took the advantage to buy more BTC and added them to their portfolio as indicated by the MI Algos report. One can observe that a lot of these whales consider Bitcoin a perfect crypto to buy due to the upcoming halving event. Today, Bitcoin showed a comeback and the price again got above $67,000. In the light of the Bitcoin halving which is going to take place in the week ahead, it is likely that the price of the number one crypto will continue to grow. The price target for Bitcoin is expected to be $100,000 after the halving.

Tags: Altcoin liquidationsBitcoin whalesBTC price dropcrypto analysiscryptocurrency marketmarket recovery
Previous Post

Octoblock Rewards ICO Holders With Stablecoin During Development

Next Post

Dogecoin Price Drops and Whales Move 324 Million DOGE

Related Posts

bitcoin btc
Featured

K33 Begins Bitcoin Buying with 10 BTC Purchase for Treasury Strategy

June 3, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025

Press Releases

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

by Alex Mercer
June 2, 2025

Introduction From courtroom drama to crypto karma, Binance is having a moment. The SEC has officially pulled the plug on...

Read more
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier