Unexpected mobility was observed in the crypto currency market on Sunday (June 16th). Bitcoin $103,928.94with a short -term rise up to $ 107,114. However, after this rapid rise, there was a general withdrawal in the market. The total crypto currency market value decreased by 2.7 percent and fell to approximately 3.36 trillion dollars.
Sudden Price Movements in Bitcoin
The fluctuation in the price of Bitcoin began with the exceeding of the last week’s summit in technical terms. After the price exceeded $ 105,663, sales pressure became apparent. This harsh sales pressure fell from Bitcoin’s new summit from $ 107,114 to 4.23 percent to $ 102,579. According to analysts, Bitcoin’s decline to $ 100,000 to $ 99,000 is considered a possible critical support zone.
According to Coings data, there have been serious losses not only in Bitcoin but also throughout the market in the last 24 hours. A total of $ 651 million liquidation occurred in open positions. This shows that sudden fluctuations in prices put a great pressure on investors.
Depreciation in other crypto currencies
The main crypto currencies other than Bitcoin were also affected by this fluctuation. Ethereum 
$2,509.75 4.7 percent, dogecoin 
$0.22331 0.9 percent and XRP declined by 1.1 percent. The total value of the crypto market has decreased significantly with these retreats.
Many analysts point out that the sales pressure, which is encountered after sudden elevations in Bitcoin’s price, may cause other major assets to lose value. Such sudden price movements are thought to increase the uncertainty in the market.
The effect of liquidations on the market
The liquidation of $ 651 million in the last 24 hours shows that volatility and short -term risks continue in the crypto currency market. Rapidly liquidation of leveraged positions caused sudden volatility in prices in a short time. Experts say that these rapid liquidations can significantly affect investor behaviors in the market.
“High amount of liquidation in the market in a short time in the market clearly demonstrates the risks in crypto assets.” he said.
Some experts warn that such price fluctuations may affect the decisions of both new investors and long -term investors. Research suggests that this size decreases can trigger panic sales among investors.
The crypto money market drew attention with sudden rise and harsh decreases in the last 24 hours. Bitcoin’s rapid rise and then sharply depreciated, led to similar decreases in other large crypto currencies. High amounts of liquidations in open positions indicate that investors should review the risk management. Against such wavy course, it may be important that new investors are cautious and diversify their risks when making market analysis.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
