$9.41 Billion In Shorts At Risk Of Liquidation If Bitcoin Price Hits This Level
The crypto market is on high alert as the possibility of further upward momentum in the Bitcoin price threatens to trigger a massive wave of liquidations. New data suggests that $9.41 billion worth of short positions could be wiped out if Bitcoin reaches the $90,000 price high. Short Sellers Face Potential Wipe Out At $90,000 […]
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The shorts were liquidated after Elon Musk added "Bitcoin" to his Twitter bio and prices rose by over 15%.
Yesterday’s Twitter feud between business tycoon Elon Musk and the crypto community had far-reaching consequences that went beyond the constant verbal sparring on the popular social media site. For the crypto market, it was a disaster. Liquidation Galore In The Crypto Market According to data from ByBit, a total of $2.4 billion worth of longs […]
Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance. The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and this triggered a $3,400 up- and down-swing on Sept. 13.There’s little doubt that shorts — traders betting on a price decrease — have taken the upper hand since the liquidation of $3.54 billion worth of long (buyers) futures....
The largest single Bitcoin liquidation order was valued at an impressive $9.98 million and occurred on the BTCUSDT trading pair when this article was written. In the past 24 hours, a total of 94,168 traders faced liquidation across the entire crypto market. Data from CoinGlass shows that Bitcoin (BTC) shorts experienced liquidations totaling $177.15 million, […]
Bitcoin is red hot again. Price reached $97,500 before dipping slightly lower to $97,000, and the markets are abuzz. Sellers anticipating Bitcoin’s upswing might be in for trouble. Figures reveal over $3 billion worth of short positions potentially being erased should Bitcoin move over the coveted $100,000 threshold. Related Reading: Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling Massive Short Positions Clustered Below $100K According to Coinglass, there’s a heavy concentration of short positions across major exchanges like Binance, OKX, and....