Over $400M in Liquidations as BTC Hits 13-Day Lows, SHIB and DOGE Plummet by 13%

Bitcoin prices have been in decline for the past several days and the landscape worsened this morning when the asset fell to a 13-day low below $64,500.

The altcoins are in dire straits, and the total liquidity has reached more than $400 million per day.

As the chart above shows, the last time Bitcoin had such a price was after it broke the 2021 ATH of $69,000 and dropped ten grand within hours. In the next week or so, the cryptocurrency went on a roll, shooting above $70,000, and last Thursday (March 14) it reached a new peak of around 74,000.

Since then, however, the property has not been able to keep up or keep pace. He dropped more than $8,000 on Friday and failed to win $70,000 over the weekend.

The start of the current work week saw another decline on Monday, followed by a failed recovery attempt. The past 24 hours have brought more pain, with BTC dropping to $64,400 for the first time since March 6.

Alternative coins were also affected, with ETH dropping to $3,400. SOL, BNB, the fourth largest cryptocurrency, fell by 9% yesterday and settled at $185. BNB itself shed 8% of its value and traded below $530.

The two largest note coins – DOGE and SHIB – both fell by 13% in one day to $0.13 and $0.000025.

This has caused a lot of pain for more than 175,000 traders in the past day. The total value of damaged areas is more than 400 million dollars, it takes the lion's share.