Analysts reveal the consequences of bitcoin’s fall by more than 3% per day

The price of the market’s flagship remained above $ 66,000 for several days and even challenged $ 67,000 several times, but to no avail. The total value of liquidations on a daily basis soared to more than $ 200 million, and the price of BTC $64,703.93 Mezo Wrapped BTC 0.35% Market capitalization $76.84 million VOL. 24 hours $0.73 billion fell to $ 63,000.

Bitcoin jumped to over $ 67,000 on Tuesday and Wednesday morning. However, bears became more active and reversed the asset’s trajectory. In a few hours, BTC fell to $ 64,500, and then another drop pushed it to a multi-day low below $ 63,600. Currently, the token remains at just over $ 63,000.

Most altcoins were affected by the market situation on a larger scale. The Solana cryptocurrency fell by 6% per day, Ethereum — 2.6%, Toncoin — 8%, Dogecoin — 6%, Avalanche — 9%, and Shiba Inu — 6.8%.

Almost 100,000 traders lost money over the past day, most of them with long positions. The total value of liquidations on a daily basis is $ 210 million on CoinGlass.