Altcoins bleeding, while Bitcoin falls 7 % of $ 62,000

The Bitcoin price collapsed by more than 7 % on Tuesday morning when the bloodbath on the cryptoma market pressed the old coins deep into the correction area.

BTC reached low-levels of $ 62,438 because the bears threatened to drop prices on the $ 60,000 mark.

The BTC price approaches the key level, since the alts bleed

When the benchmark cryptocurrency had problems, the bloodbath with the old coins also worsened. Ethereum, Solana, BNB, Cardano and Avalanche all fell in double digits, whereby ETH fell to $ 3,200, Sol to $ 172 and BNB to $ 502. Cardano and avalanche fell to $ 0.59 or $ 55

corresponding to data from coinglass A total of 242.841 dealers have been liquidated in the last 24 hours (as of Tuesday, 7.40 a.m.).

The total liquidations amounted to over $ 651 million, with long positions with over $ 538 million and short positions with $ 113 million affected. Over 190 million US dollars in liquidated long positions have been on BTC over the past $ 190 million, while over $ 126 million in ETH.

The data showed that the largest individual liquidation order was carried out on the OKX exchange and that the BTC/USDT-SWAP was worth $ 12.25 million. A WAL 400 BTC used to be dropped on the Bitmex exchange, which caused the price of Bitcoin to fell to $ 8,900.

While prices on the large stock exchanges are still over 60,000 US dollars, the crypto analyst Ali suspects that BTC could decrease to the support brand of $ 56,000 or even $ 51,000. The analyst pointed out that the most important level of support below the current level is $ 61,100

" Some of the most important Bitcoin support levels that have to be observed are $ 61,100, $ 56,685 and $ 51,530. sent to x on Tuesday.