$185 Million in Liquidations as Bitcoin Falls Under $20K
![$185 Million in Liquidations as Bitcoin Falls Under $20K](https://cryptoinvestment.at/wp-content/uploads/2022/09/185-million-in-liquidations-as-bitcoin-falls-under-20k.png)
Bitcoin is once again back below $20,000 after briefly surging above the price level last week.
- The primary cryptocurrency traded at roughly $20,200 at 17:30 UST on Wednesday, before quickly declining to about $19,600 an hour later. It trades for $19,957 at the time of writing, unable to break back above $20k.
- According to CoinGlass, about $51 million have been wiped from the crypto markets in liquidations over the past 4 hours, adding to $185 million over the past 24 hours.
- This still doesn’t compete with last week’s liquidation numbers, when $350 million evaporated as Bitcoin descended under $19K.
- Meanwhile, Ethereum appears to be clinging to the $1600 mark. Its market cap is currently over half that of BItcoin’s.
- Over the past day, the largest single liquidation happened on Binance, for an ETH-USDT trade worth $4.25 million.
![](https://cryptopotato.com/wp-content/uploads/2022/09/BTCUSD_2022-09-14_16-47-43-1024x535.png)
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