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.
Alex DovbnyaWhen 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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Yuri Molchan
Dan Burgin
Vladislav Sopov