Based on CryptoDnes, a joint study from Glassnode and Fasanara reveals that daily liquidation averages in crypto have surged to previously extreme levels. On October 10, Bitcoin's sharp drop from $121,000 to $102,000 triggered over $600 million in hourly long liquidations and a 25% drop in open interest. The report also highlights Bitcoin's growing dominance, now at 58%, driven by increased spot market activity and ETF inflows. Over $730 billion in fresh value has entered the Bitcoin network since 2022, and the network has processed $6.9 trillion in transfers over the past three months, surpassing major payment systems like Visa and Mastercard.
Crypto Market Sees Record Liquidations and Bitcoin's Dominance Rises to 58%
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