Almost $10B worth of crypto was liquidated from the market on Sunday, April 18. This liquidation happened in just an hour of the crypto market crash.<\/p>\n
The crypto market<\/a> has been doing reasonably well for the better part of the year. On April 18, the biggest crypto market crash happened, which pushed investors to liquidate crypto held in long positions in just an hour. In a report from Bybt, over $9 billion worth of crypto was liquidated in 12 hours. Simultaneously, over $8 Billion was taken off the market in the past four hours.<\/p>\n https:\/\/twitter.com\/Bloqport\/status\/1383370757573537796\/photo\/1<\/p>\n Over the past few days, Bitcoin’s performance has been problematic, given that the currency has been on a downward trend. However, on Sunday, BTC’s market value reduced from around $60,000 to less than $53,000 in just 15 minutes. Bitcoin’s market value has since regained, and at the time of writing, the crypto was trading slightly above $54,000<\/a>. Other tokens such as Ether, XRP, Litecoin, and Bitcoin Cash have also been affected.<\/p>\n While this trend may have been terrifying for investors holding long crypto positions, it was the best opportunity for those who want a dip buy. Lark Davis, a crypto analyst, compared the price surge from what was witnessed in 2017 when a BTC crash created a buying opportunity for investors.<\/p>\n #bitcoin<\/a> has breached the 50 day moving average! This is a rare event. In 2017 it only happened a few times. And every time was a legend making dip buying opportuntiy. pic.twitter.com\/LXtETN81AR<\/a><\/p>\n — Lark Davis (@TheCryptoLark) April 18, 2021<\/a><\/p><\/blockquote>\n\n