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4 weeks ago
29967
ARTICLE AD BOX
Alex Dovbnya
More than $223 million worth of short positions have been wiped out
According to data provided by cryptocurrency analytics firm CoinGlass, $223.21 million worth of short positions were liquidated over the past 24 hours. They account for the lion's share of the $255 million worth of positions that have been wiped out.
Overall, as many as 60,427 traders have been liquidated. The largest single liquidation order is as much as $18 million.
Binance, OKX, and HTX are in the top 3 in terms of the amount of liquidated crypto.
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When it comes to specific cryptocurrencies, Bitcoin, of course, accounts for more than half of all liquidated short positions ($113.8 million). Ethereum (ETH) and Solana (SOL) come in second and third places, respectively ($32.6 million and $15.4 million, respectively). Dogecoin (DOGE) and XRP are also in the top 5.
Earlier today, Bitcoin hit a multi-month high of $72,952 on the CoinGecko exchange, surging by nearly 6% over the last 24 hours. It is less than 2% away from reaching a new record high.
Meanwhile, as reported by U.Today, the flagship cryptocurrency has already hit new lifetime peaks in Canadian dollars and euros.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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