Bitcoin Rally Catches Shorts Offside—$200M Liquidated As Price Hits $79,000
Data shows a large amount of Bitcoin short positions have been liquidated following the cryptocurrency’s surge to the $79,000 level. Bitcoin Has Surpassed $79,000 For The First Time Since Early February Bitcoin has seen a continuation of its recent bullish momentum during the past day as its price has hit the $79,300 level after a jump of nearly 5%. The below chart shows how the recent trajectory of the cryptocurrency has looked. Bitcoin also made an attempt at recovery last week, but that push ended up fizzling out as the asset approached the $78,000 level. This new surge has taken....
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After today’s incredible Bitcoin move where the price climbed to $47.5k, shorts worth around $47 million liquidated within an hour. $47,000,000 In Bitcoin Futures Shorts Liquidate Within Just An Hour As pointed out by an analyst on Twitter, around $47 million in Bitcoin futures shorts have liquidated within an hour today. If you don’t know […]
The shorts were liquidated after Elon Musk added "Bitcoin" to his Twitter bio and prices rose by over 15%.
Bitcoin price continues to see incredible movements over the past 24 hours. The price of the coin has moved over 10% as the crypto market sees increasing momentum. The movement comes hot on the heels of the news breaking of rumors of Amazon integrating bitcoin payments in their platform. The market seems to have taken this and just run with it. Although the news is yet to be confirmed, investors continue to rush to buy the digital asset. The price surge has led to hundreds of millions of shorts being liquidated in just a 24-hour time frame. So far, the market has seen over $1 billion....
Bitcoin saw $150 million worth of short contracts obliterated within hours. Roughly $150 million worth of shorts were liquidated within a span of hours as the price of Bitcoin (BTC) rose from around $47,000 to over $53,000 on April 26.The cryptocurrency market as a whole saw a strong short squeeze, as Ether (ETH), Binance Coin (BNB), and other major cryptocurrencies also rose by around 15% in the same period.Following Bitcoin's 12% recovery within a single day, the futures market has completely reset, with funding rates hovering at neutral levels.Why today's Bitcoin short squeeze is....
The crypto bloodbath has left thousands of traders in a bad way. A rapid decrease in price has seen more than 240,000 traders rekt in the span of 24 hours. As the downtrend continues, more investors are added to the long line of losers, most of which have been long traders. As it stands, there are now almost a billion dollars that have been liquidated in the market so far and this number continues to climb with bitcoin declining below $24,000. Over $940 Million In Crypto Liquidated Over the last 24 hours, the liquidations that have rocked the crypto market have been nothing short of....