Crypto market liquidates $600 million! Bitcoin falls below $63,000, Ethereum drops 20%

120Btc.com reported that both Bitcoin and Ethereum fell to $63,000 and $3,200 levels, while SOL fell to $173 after briefly touching $200. Additionally, MicroStrategy (MSTR) had fallen -9.16% before opening on March 19.

Bitcoin fell below 63K

Bitcoin fell to a low of $62,721 on March 19, a 24-hour drop of -7.4%.

Since Bitcoin set a record high of $73,787 on the 14th, the decline has reached -13.39%.

Ethereum fell below 3.3K

Ethereum fell to $3,205, a 24-hour drop of -9.28%,

Since Ethereum set a high of the year on March 12 After hitting $4,092, the decline has reached 20% (-20.33%).

The crypto market liquidated $630 million

CoinGlass data shows that the crypto market liquidated a total of $630 million in 24 hours, with longs accounting for $521 million and shorts accounting for $108 million.

In fact, in the past few months, the open interest (OI) of CME Group has been much higher than that of Binance (168KBTC and 116BTC).

So liquidations related to cryptocurrency prices are definitely higher than $630 million, and CoinGlass’ liquidation data is not included in CME Group.

Exchange clearing data

MicroStrategy fell nearly 10% pre-market

MicroStrategy (MSTR) hit on March 16 $1,816, which refreshed the previous high of the 2021 bull market, but has now fallen to $1,500 (-17.4%).

And before the US stock market opened on March 19, MSTR had fallen -9.16% before the market opened.

Meme coins led the decline, SOL fell to 170

According to previous reports, in addition to BONK (-21.44%), FLOKI (-18.56%) and other meme coins fell among the top 100 market capitalization In addition, SOL also fell by 16.5%.

After briefly standing above $200, SOL has fallen to the $173 level.

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