Short Positions Over $165 Million Get Liquidated Following The Bitcoin And Et...
No one can say that the crypto winter is over yet, But the good news is that Bitcoin and ETH seem to have gained significant momentum in the past 24 hours. This greenish price movement has caused many investors to liquidate their short positions. Another good news is that the global crypto market cap that plummeted recently has gained $150 Billion. Now it is more than 1 Trillion. Ethereum Price Gains As Bitcoin Surges As per available data on CoinMarketCap, BTC price at the time of writing is on the verge of registering the $24k mark, while Ethereum stands at $1,605, showing a major....
Related News
The overall financial market is discouraging this week. Stocks and cryptos are plummeting as anticipation of the upcoming rate hike grows. The latest CPI for August was a force that pushed the market towards the edge. The figure was higher than expected, increasing fear in the industry. As the Feds prepares to hit the market with the biggest rate hike, exchanges have started liquidating leveraged positions. This strategy is geared at cutting down losses as events unfold. Related Reading: WATCH: Bitcoin Bloody Monday Leads To Reversal Hammer | BTCUSD September 19, 2022 Traders’....
Bitcoin’s price has stabilized at just below $13,000 following its immense surge seen yesterday The cryptocurrency has been flashing continued signs of strength as of late, and its ability to maintain its recent gains is decisively bullish While looking back on the aftermath of yesterday’s move, its magnitude and influence over the market grows clear According to one data platform, a total of $360 million in BTC short positions were liquidated throughout the course of […]
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....
Around $500 million worth of positions were liquidated within hours as the Tesla news caused Bitcoin to spike over $46,000. Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewMass Bitcoin liquidationAs the Bitcoin price initially rallied to $45,000, it caused $500....
Bitcoin has surprised the market with its recent surge. The digital asset which has been struggling below $40,000 for the past week made a break for it with an incredible rally that saw its peak above $44,000. It took the market by surprise and no doubt the traders as liquidations have been the order of the day. Short traders have gotten the short end of the stick as they see hundreds of millions liquidated in the past day. Bitcoin Liquidations Run Amok Short traders have been dominating the market for a while now given that the value for the cryptocurrency has been trending low. This was....