{"id":1467,"date":"2021-09-20T09:05:36","date_gmt":"2021-09-20T08:05:36","guid":{"rendered":"https:\/\/tradersofcrypto.com\/news\/?p=1467"},"modified":"2021-09-20T09:05:37","modified_gmt":"2021-09-20T08:05:37","slug":"bitcoin-btc-slides-under-46000-losing-support","status":"publish","type":"post","link":"https:\/\/tradersofcrypto.com\/news\/bitcoin-btc-slides-under-46000-losing-support\/","title":{"rendered":"Bitcoin (BTC) Slides Under $46,000, Losing Support"},"content":{"rendered":"\n

Bitcoin (BTC)<\/a> remains volatile, as it erased some of the gains from last weekend. BTC failed to cross the $50,000 barrier and instead slid to the $45,700 tier. In the past two months, BTC trades with relatively smaller volatility, though still going through major crashes and liquidations.\u00a0<\/p>\n\n\n\n

BTC fell to $45,710.43 on Monday, dragging down ETH prices<\/a> as well to the $3,200 range. Most altcoins also erased their recent gains. BTC prices fell off a cliff during late Asian trading, crashing from above $47,000, as trading volumes reached $30B in the past 24 hours.\u00a0<\/p>\n\n\n\n

What Caused BTC Liquidations<\/strong><\/h3>\n\n\n\n

The recent bout of liquidations was much lower in comparison to the September 6 crash. The last 24 hours saw an uptick in liquidations to the highest level in one week. More than $227.9M were liquidated, a relatively small-scale event compared to major liquidations of a few billion USD equivalent. <\/p>\n\n\n\n

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The relatively low level of liquidations, affecting both short and long positions, suggest BTC may expect renewed price volatility, with even more notable liquidation events. While the BTC market remains less leveraged in comparison to the levels from May 2021, there are still opportunities to attack those positions. <\/p>\n\n\n\n

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#Bitcoin<\/a> $BTC<\/a> liquidation level, so many stacked shorts, looks like free money. pic.twitter.com\/gxdUMXVAC1<\/a><\/p>— Rain (@Rain5369) September 19, 2021<\/a><\/blockquote>