Bitcoin Surge To $28,400 Triggers $110M Crypto Futures Flush
Data shows the Bitcoin rally above the $28,400 level has triggered $110 million in liquidations across the cryptocurrency futures market. Bitcoin Rally Leads To Mass Liquidation Event In Futures Market During the past day or so, Bitcoin has rapidly increased, as its price has gone from the $27,000 mark to above the $28,000 level. This […]
Related News
Data shows the crypto futures market has observed more than $500 million in liquidations as Bitcoin has surged above the $24.5k mark. Crypto Futures Market Has Seen A Flush Of $510 Million In Last 24 Hours In case anyone is unaware of what a “liquidation” is, it’s best to get a brief understanding of how […]
Data shows the crypto futures market has observed liquidations amounting to $280 million in the last 24 hours as Bitcoin broke above $22k. 76% Of The Crypto Futures Positions Liquidated In Past 24 Hours Were Shorts In case anyone is unaware what “liquidations” are, it’s best to first take a look at a brief explanation […]
Crypto analytics provider Glassnode argues the late February BTC crash may have been a healthy reset that flushed excessive leverage out of the market. According to on-chain analytics provider, Glassnode, the late-February crypto market correction may have purged excessive leverage from the markets.On March 1, Glassnode published a report analyzing the recent crypto crash — which was only the second significant crypto correction since the markets pushed into new record highs in late 2020.Glassnode noted the crash peaked with a 25% fall from the local top of $58,300 to $43,343. As such, the....
Data shows the crypto futures market has taken a $380 million beating over the past day as Bitcoin has rebounded above $30k. Out of this amount, $240 million liquidations have belonged to short traders. Crypto Shorts Observe $240 Million In Liquidations Over Last 24 Hours In case anyone isn’t aware of what “liquidations” are, it’s best to first take a brief look at the workings of margin trading in the crypto futures market. When an investor opens a, say, Bitcoin long or short contract at a derivatives exchange, they first have to put forth some collateral called....
Bitcoin has begun to drop lower once again despite the flush on Monday to $30,000. The leading cryptocurrency currently trades for $32,500, below the $36,000 highs the cryptocurrency saw during a bounce earlier today. Bitcoin’s drop comes in spite of the fact that the funding rates on leading crypto-asset futures platforms have reset. The funding […]