{"id":647826,"date":"2024-10-14T14:00:13","date_gmt":"2024-10-14T14:00:13","guid":{"rendered":"https:\/\/wncen.com\/?p=647826"},"modified":"2024-10-14T11:03:43","modified_gmt":"2024-10-14T11:03:43","slug":"182-million-bitcoin-price-64000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/182-million-bitcoin-price-64000\/","title":{"rendered":"Over $182 Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears To The Gallows"},"content":{"rendered":"

In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a low of $59,400 in four days. <\/span>This sudden price jump<\/span><\/a> has sent shockwaves through the crypto market, with data from Coinglass revealing a significant wave of liquidations following the unexpected rally. Short sellers, who were anticipating a decline, found themselves in a tough spot as Bitcoin defied their expectations.<\/span><\/p>\n

Notably, <\/span>liquidation data from Coinglass<\/span><\/a> shows that over $182 million worth of positions have been liquidated across various exchanges in the past 24 hours, with a majority being short positions.\u00a0<\/span><\/p>\n

Bitcoin Price Breaks Above $64,000 Again<\/h2>\n

Bitcoin rose above $64,000 in the early hours of Monday, October 14, after breaking above a tight range over the weekend and gaining 2.53% in the past 24 hours. Bitcoin reached as high as $64,500 in the past few hours, which is its highest point so far in October. As such, the Bitcoin price has now crossed above its open for the month, with the October monthly return finally turning green for the first time.\u00a0\u00a0<\/span><\/p>\n

Related Reading: Whales Accumulate 40 Million XRP In 48 Hours \u2013 Where\u2019s The Price Headed?<\/a><\/div>\n

The price action, however, wasn\u2019t as positive for everyone. According to the data shown in the picture below, the sudden rise has been costly for many traders holding short positions. Bears who bet on a continued decline were hit hard as Bitcoin\u2019s continued rally triggered a wave of liquidations.\u00a0<\/span><\/p>\n

Of the $182 million worth of liquidations recorded across various exchanges, a staggering $115.76 million came from short positions, while $66.28 million were from long positions.<\/span><\/p>\n

\"Crypto
Source: Coinglass<\/figcaption><\/figure>\n

Binance has led the crypto exchange market in liquidations over the past 24 hours, accounting for 42.48% of the total liquidations. On Binance alone, approximately $77.33 million worth of positions were wiped out, with 54.23% being short positions. OKX follows closely, with $58.71 million in liquidations, where an even larger percentage of 62.84% were short positions.<\/span><\/p>\n

HTX, Bybit, and CoinEx also saw significant liquidations, though on a smaller scale. HTX recorded $27.35 million in liquidations, a staggering 87.81% of which were short positions. Bybit came next with $12.62 million in liquidations and a short rate of 65.92%, while CoinEx rounded out the list with $3.50 million liquidated, 81.34% of which was from shorts.<\/span><\/p>\n

\"Crypto
Source: Coinglass<\/figcaption><\/figure>\n
Related Reading: SUI Eyes Bullish Breakout As Crypto Traders Go Long Above $2 \u2013 What\u2019s Next?<\/a><\/div>\n

More Liquidations Ahead?<\/h2>\n

Bitcoin’s recent uptick <\/span>brings back the possibility<\/span><\/a> of a declining Uptober sentiment. This interesting rally could set the stage for a surge in the second half of October, similar to what was witnessed in September.\u00a0<\/span><\/p>\n

If this rally were to continue <\/span><\/a>for the rest of the month, we could see more short positions liquidated in the next few hours. Bears, who have been betting against Bitcoin\u2019s rise, may rush to close their positions to minimize losses. The decrease in selling pressure from short sellers exiting the market <\/span>could further fuel Bitcoin\u2019s ascent<\/span><\/a>.<\/span><\/p>\n

\"Bitcoin
BTC price above $64,000 leaves bears behind | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a low of $59,400 in four days. This sudden price jump has sent shockwaves through the crypto market, with data from Coinglass revealing a significant wave of liquidations following the unexpected rally. Short sellers, who were anticipating a decline, found themselves in a tough spot as Bitcoin defied their expectations. Notably, liquidation data from Coinglass shows that over $182 million worth of positions have been liquidated across various exchanges in the past 24 hours, with a majority being short positions.\u00a0 Bitcoin Price Breaks Above $64,000 Again Bitcoin rose above $64,000 in the early hours of Monday, October 14, after breaking above a tight range over the weekend and gaining 2.53% in the past 24 hours. Bitcoin reached as high as $64,500 in the past few hours, which is its highest point so far in October. As such, the Bitcoin price has now crossed above its open for the month, with the October monthly return finally turning green for the first time.\u00a0\u00a0 Related Reading: Whales Accumulate 40 Million XRP In 48 Hours \u2013 Where\u2019s The Price Headed? The price action, however, wasn\u2019t as positive for everyone. According to the data shown in the picture below, the sudden rise has been costly for many traders holding short positions. Bears who bet on a continued decline were hit hard as Bitcoin\u2019s continued rally triggered a wave of liquidations.\u00a0 Of the $182 million worth of liquidations recorded across various exchanges, a staggering $115.76 million came from short positions, while $66.28 million were from long positions. Binance has led the crypto exchange market in liquidations over the past 24 hours, accounting for 42.48% of the total liquidations. On Binance alone, approximately $77.33 million worth of positions were wiped out, with 54.23% being short positions. OKX follows closely, with $58.71 million in liquidations, where an even larger percentage of 62.84% were short positions. HTX, Bybit, and CoinEx also saw significant liquidations, though on a smaller scale. HTX recorded $27.35 million in liquidations, a staggering 87.81% of which were short positions. Bybit came next with $12.62 million in liquidations and a short rate of 65.92%, while CoinEx rounded out the list with $3.50 million liquidated, 81.34% of which was from shorts. Related Reading: SUI Eyes Bullish Breakout As Crypto Traders Go Long Above $2 \u2013 What\u2019s Next? More Liquidations Ahead? Bitcoin’s recent uptick brings back the possibility of a declining Uptober sentiment. This interesting rally could set the stage for a surge in the second half of October, similar to what was witnessed in September.\u00a0 If this rally were to continue for the rest of the month, we could see more short positions liquidated in the next few hours. Bears, who have been betting against Bitcoin\u2019s rise, may rush to close their positions to minimize losses. The decrease in selling pressure from short sellers exiting the market could further fuel Bitcoin\u2019s ascent. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":647858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790,6664,15561,10923,14690,1558,1564],"class_list":["post-647826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-adoption","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-cryptocurrency-market"],"acf":[],"yoast_head":"\nOver $182 Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears To The Gallows<\/title>\n<meta name=\"description\" content=\"In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a low of $59,400 in four days. 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Over $182 Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears To The Gallows","url":"http:\/\/wncen.com\/news\/bitcoin\/182-million-bitcoin-price-64000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/182-million-bitcoin-price-64000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Bitcoin_56a06c.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Bitcoin_56a06c.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto adoption","crypto market","crypto news","cryptocurrency","cryptocurrency market"],"dateCreated":"2024-10-14T14:00:13Z","datePublished":"2024-10-14T14:00:13Z","dateModified":"2024-10-14T14:00:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Over $182 Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears To The Gallows\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/182-million-bitcoin-price-64000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/182-million-bitcoin-price-64000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Bitcoin_56a06c.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Bitcoin_56a06c.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto adoption\",\"crypto market\",\"crypto news\",\"cryptocurrency\",\"cryptocurrency market\"],\"dateCreated\":\"2024-10-14T14:00:13Z\",\"datePublished\":\"2024-10-14T14:00:13Z\",\"dateModified\":\"2024-10-14T14:00:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Bitcoin_56a06c.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/647826"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=647826"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/647826\/revisions"}],"predecessor-version":[{"id":647864,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/647826\/revisions\/647864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/647858"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=647826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=647826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=647826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}