{"id":19409,"date":"2024-12-11T10:42:04","date_gmt":"2024-12-11T08:42:04","guid":{"rendered":"https:\/\/forklog.com\/en\/altcoin-liquidations-reach-highest-level-since-2021\/"},"modified":"2024-12-11T10:42:04","modified_gmt":"2024-12-11T08:42:04","slug":"altcoin-liquidations-reach-highest-level-since-2021","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/altcoin-liquidations-reach-highest-level-since-2021\/","title":{"rendered":"Altcoin Liquidations Reach Highest Level Since 2021"},"content":{"rendered":"<p>On December 10, altcoin liquidations amounted to $1.75 billion, marking the largest since May 19, 2021. In the crypto derivatives market, liquidations reached a record $12.8 billion, according to a review by <a href=\"https:\/\/k33.com\/research\/articles\/a-tale-as-old-as-time\">K33 Research<\/a>.<\/p>\n<p>Experts noted that cascading liquidations were a feature of the 2021 bull run and appear to be repeating this pattern now.<\/p>\n<p>Expressed in terms of capitalization, open interest in perpetual contracts on altcoins rose from 3.57% to 4.42% before plummeting to 3.96%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1353.webp\" alt=\"1-1353\" class=\"wp-image-247351\"\/><figcaption class=\"wp-element-caption\">Data: K33 Research.<\/figcaption><\/figure>\n<p>As a result, Ethereum&#8217;s funding rate fell from 0.0229% to 0.0076% \u2014 the lowest since November.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-974.webp\" alt=\"2-974\" class=\"wp-image-247352\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/FundingRate\">Coinglass<\/a>.<\/figcaption><\/figure>\n<p>This signaled a reduction in excessive leverage and set the stage for more sustainable price movements, according to Bitfinex. Experts estimate that current metric values are characteristic of a bull market.<\/p>\n<p>Specialists remain optimistic about the prospects for Bitcoin and Ethereum. They noted the inflow of funds into ETFs as a key source of support amid profit-taking by hodlers.<\/p>\n<p>On December 10, $439.6 million flowed into exchange-traded funds based on digital gold, and $305.7 million into those based on the second-largest cryptocurrency by capitalization. In the first case, positive dynamics continued for the ninth consecutive day, and in the second, for the twelfth.<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"247369\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-543-2.webp\" alt=\"3-543-2\" class=\"wp-image-247369\"\/><figcaption class=\"wp-element-caption\">BTC-ETF inflow dynamics. Data: SoSoValue.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"247368\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-341.webp\" alt=\"4-341\" class=\"wp-image-247368\"\/><figcaption class=\"wp-element-caption\">ETH-ETF inflow dynamics. Data: SoSoValue.<\/figcaption><\/figure>\n<\/figure>\n<p>CryptoQuant has warned of a potential pause in the digital gold rally.<\/p>\n<p>Earlier, Real Vision&#8217;s chief analyst Jamie Coates suggested Bitcoin might enter a correction in two to three months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 10, altcoin liquidations amounted to $1.75 billion, marking the largest since May 19, 2021. In the crypto derivatives market, liquidations reached a record $12.8 billion, according to a review by K33 Research. Experts noted that cascading liquidations were a feature of the 2021 bull run and appear to be repeating this pattern now. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1167,1145],"class_list":["post-19409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-k33","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19409"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19408"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}