Global #liquidations

The cryptocurrency market experienced a significant downturn in the past 24 hours, with Ethereum leading the decline.

A recent sharp decline in Bitcoin (BTC) has led to a significant liquidation event, wiping out over $1.1 billion in long and short positions within 24 hours.

Floki Inu (FLOKI) has been making headlines with its recent surge, attracting both retail and institutional investors. The altcoin's price has steadily climbed, reaching $0.0001504 at press time, a 6.62% increase in the past 24 hours.

The Open Interest (OI) weighted funding rate for Bitcoin has surged to 0.012%, a level not seen since July 27, when Bitcoin briefly touched $68,000.

As of Saturday, October 12, the total cryptocurrency market capitalization has surged by 2% over the past 24 hours, reaching approximately $2.28 trillion during the early European session.

Bitcoin experienced a significant dip, falling to a three-week low of $58,900. This decline coincided with a recent surge in whale selling, totaling over 30,000 BTC in the past three days.