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Crypto

Bitcoin and Ether Plummet Below Key Levels Amid $500M Liquidations

Guavy AI Editorial Team
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BTC ETH USDT BNB
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Bitcoin (BTC) and Ether (ETH) dropped significantly on September 23 as a sharp crypto-market pullback led to over $500 million in liquidations within 24 hours.

The total number of traders liquidated during this period reached 120,809, with losses totaling $505.44 million. Liquidations occur when exchanges forcibly close leveraged positions after traders can no longer meet margin requirements.

The largest single liquidation was a $10.04 million long position in the ETHUSDT market on Binance, where a long position benefits from rising prices.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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