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Over $175 million in total liquidations as Bitcoin price reclaims $64K

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Bitcoin (BTC) price shattered the $64,000 threshold on Saturday, May 4, recording an intra-day high of $64,540 as of 11:30 a.m.

Bitcoin price has breached $64,000 threshold as trading volume rises by over 15%. Total liquidations went passed $175 million as more than $150 million shorts were blown out of water. Binance saw most liquidations with largest single liquidation order being $5.09 million for ETH/USDT trading pair. Bitcoin price shattered the $64,000 threshold on Saturday, May 4, recording an intra-day high of $64,540 as of 11:30 a.m. GMT.

Also Read: Top 3 Price PredictionBitcoin, Ethereum, Ripple: US ETFs drive demand, shape and accelerate BTC price action Millions in liquidations as Bitcoin price reclaims $64,000 In the aftermath of Bitcoin price shattering the $64,000 threshold, over $175 million in total liquidations was recorded in the cryptocurrency market. Out of these, $150.10 million compriseshort positions while over $25 million longs were rekt.

 

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