{"id":3036,"date":"2023-05-08T12:04:01","date_gmt":"2023-05-08T12:04:01","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=3036"},"modified":"2023-05-29T12:30:45","modified_gmt":"2023-05-29T12:30:45","slug":"pepe-eth-involvement-in-50-million-liquidation-jerk","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/pepe-eth-involvement-in-50-million-liquidation-jerk","title":{"rendered":"PEPE, ETH Involvement in $50 million liquidation jerk; short positions eroded"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/pepe-eth-involvement-in-50-million-liquidation-jerk\/#There_was_a_liquidation_of_over_50_million_in_the_crypto_market\" title=\"There was a liquidation of over $50 million in the crypto market\">There was a liquidation of over $50 million in the crypto market<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/pepe-eth-involvement-in-50-million-liquidation-jerk\/#The_number_of_liquidations_on_short_positions_is_higher\" title=\"The number of liquidations on short positions is higher\">The number of liquidations on short positions is higher<\/a><\/li><\/ul><\/nav><\/div>\n<p>Crypto markets experienced a $50 million liquidation event led by <a href=\"https:\/\/digitalcoinprice.com\/coins\/ethereum\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a> and memecoin PEPE. Investors facing substantial liquidations suffer losses on short positions.<\/p>\n<p>The <a href=\"https:\/\/digitalcoinprice.com\/\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> market has experienced a drop in short positions caused by over $50 million in liquidation losses.<\/p>\n<p>Over $50 million in investments were liquidated in the crypto market on 7 May. This wave of liquidation was led by Ethereum [ETH]. On its heels, a memecoin was gaining traction throughout the world.<\/p>\n<p class=\"blog-post-sec-title\"><a href=\"https:\/\/digitalcoinprice.com\/compare\" target=\"_blank\" rel=\"noopener\">Compare PEPE<\/a> with <a href=\"https:\/\/digitalcoinprice.com\/compare\" target=\"_blank\" rel=\"noopener\">DOGE<\/a>, <a href=\"https:\/\/digitalcoinprice.com\/compare\" target=\"_blank\" rel=\"noopener\">SHIB<\/a>, or any other <a href=\"https:\/\/digitalcoinprice.com\/\" target=\"_blank\" rel=\"noopener\">Cryptocurrency<\/a> to understand the trend.<\/p>\n<h2 class=\"h2\"><span class=\"ez-toc-section\" id=\"There_was_a_liquidation_of_over_50_million_in_the_crypto_market\"><\/span>There was a liquidation of over $50 million in the crypto market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>During the past 24 hours, there was a massive liquidation in the crypto market exceeding $50 million, according to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"nofollow noopener\">Coinglass<\/a> data. Approximately $52 million was liquidated at the time of writing; previously, it had surpassed $100 million. With over $2 million liquidated, Ethereum led the liquidation volume.<\/p>\n<p>As a result of the staggering liquidation of over 640 billion PEPE, memecoin <a href=\"https:\/\/digitalcoinprice.com\/coins\/pepe\" target=\"_blank\" rel=\"noopener\">Pepe [PEPE]<\/a> ranked second in the rankings of liquidations. There was a value of $1 million in the tokens. Additionally, <a href=\"https:\/\/digitalcoinprice.com\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a>, the top cryptocurrency, affected over one million coins.<\/p>\n<h2 class=\"h2\"><span class=\"ez-toc-section\" id=\"The_number_of_liquidations_on_short_positions_is_higher\"><\/span>The number of liquidations on short positions is higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to Coinglass, liquidations primarily targeted short positions. Short positions were liquidated by many investors, according to the data. In addition, major exchanges reported over 70% liquidations.<\/p>\n<p>Sometimes, the liquidation rate reaches 100%, making short investors vulnerable.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3056 size-full\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/total-liquidation.png\" alt=\"\" width=\"1233\" height=\"500\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/total-liquidation.png 1233w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/total-liquidation-480x195.png 480w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/total-liquidation-1024x415.png 1024w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/total-liquidation-768x311.png 768w\" sizes=\"auto, (max-width: 1233px) 100vw, 1233px\" \/><\/p>\n<p style=\"text-align: center;\">Source: Coinglass<\/p>\n<p class=\"blog-post-sec-title\">How much does <a href=\"https:\/\/digitalcoinprice.com\/converter\/pepe\/usd\/1000\" target=\"_blank\" rel=\"noopener\">1000 PEPE currently cost in USD?<\/a><\/p>\n<p>Bitcoin&#8217;s liquidation data at the time of writing revealed that short sales accounted for over $16 million. In addition, over $12 million of long positions were liquidated.<\/p>\n<p>Given Bitcoin&#8217;s significant market capitalisation share, affected investors will suffer major losses due to these liquidations.<\/p>\n<p>Cryptocurrencies are still on track to reach $1 trillion.<\/p>\n<p>Using CoinMarketCap, an analysis of the crypto market found that the market&#8217;s capitalization remained above $1 trillion. Nearly 50% of the market was dominated by Bitcoin.<\/p>\n<p class=\"blog-post-sec-title\">What more can PEPE achieve in the future? <a href=\"https:\/\/digitalcoinprice.com\/converter\/pepe\/usd\/1000\" target=\"_blank\" rel=\"noopener\">Here is PEPE&#8217;s price forecast?<\/a><\/p>\n<p>There were over $42 billion worth of trades during the 24 hours as of the time of writing. The prevailing market conditions warranted caution at that point, even though a widespread chain reaction of liquidations hadn&#8217;t yet occurred.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3057 size-full\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-liquidate-50-million.png\" alt=\"\" width=\"800\" height=\"550\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-liquidate-50-million.png 800w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-liquidate-50-million-480x330.png 480w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2023\/05\/PEPE-liquidate-50-million-768x528.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\">Source: CoinMarketCap<\/p>\n<p>Furthermore, market participants must prepare adequately for unforeseen market fluctuations. This is given rise to exchange withdrawals and notable high-value cashout cases.<\/p>\n<p class=\"blog-post-sec-title\"><b>Also Read:<\/b><a href=\"https:\/\/digitalcoinprice.com\/blog\/best-crypto-to-buy-now-top-picks\" target=\"_blank\" rel=\"noopener\"> 10 cryptocurrencies with 30X potential?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto markets experienced a $50 million liquidation event led by Ethereum [ETH] and memecoin PEPE. Investors facing substantial liquidations suffer losses on short positions. The cryptocurrency market has experienced a drop in short positions caused by over $50 million in liquidation losses. Over $50 million in investments were liquidated in the crypto market on 7 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[51,50,47],"class_list":["post-3036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-updates","tag-50-million","tag-ethereum","tag-pepe"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=3036"}],"version-history":[{"count":36,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3036\/revisions"}],"predecessor-version":[{"id":3338,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3036\/revisions\/3338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/3055"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=3036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=3036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=3036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}