$100 million in liquidations as Bitcoin price explodes to $29,000

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After the recent decline, Bitcoin bulls have finally resurfaced and pushed the price up to the $29,000 mark. This has brought positivity to the entire market, but has also raised eyebrows in terms of liquidated leveraged positions. According to data from Coinglass, around $100 million worth of leveraged positions were liquidated in the last 24 hours. Of course, the overwhelming majority of this (82%) came from short positions. This happened as BTC price exploded towards $29,000, followed by the majority of the market. TradingView Most liquidations came from BTC positions ($41 million), followed by ETH ($21.5 million). …

$100 million in liquidations as Bitcoin price explodes to $29,000

After the recent decline, Bitcoin bulls have finally resurfaced and pushed the price up to the $29,000 mark.

This has brought positivity to the entire market, but has also raised eyebrows in terms of liquidated leveraged positions.

  • Laut Daten von Coinglass wurden in den letzten 24 Stunden gehebelte Positionen im Wert von rund 100 Millionen Dollar liquidiert.
  • Die überwältigende Mehrheit davon (82 %) stammte natürlich aus Short-Positionen.
  • Dies geschah, als der BTC-Preis in Richtung 29.000 $ explodierte, gefolgt von der Mehrheit des Marktes.

BTCUSDT_2023-04-26_15-06-32TradingView

  • Die meisten Liquidationen stammten von BTC-Positionen (41 Mio. USD), gefolgt von ETH (21,5 Mio. USD).

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