$ 100 million of liquidations, during the Bitcoin price to $ 29,000

$ 100 million of liquidations, during the Bitcoin price to $ 29,000

After the latest decline, the Bitcoin bulls finally reappeared and pushed the price up to the $ 29,000 mark.

This has brought a positive mood to the entire market, but also caused a sensation in terms of liquidated levered positions.

  • According to the data from Coinglass, levered positions worth around $ 100 million have been liquidated in the last 24 hours.
  • The overwhelming majority (82 %) naturally came from short positions.
  • This happened when the BTC price exploded in the direction of $ 29,000, followed by the majority of the market.

btcusd_2023-26_15-06-32 Tradingview

  • Most liquidations came from BTC positions ($ 41 million), followed by ETH ($ 21.5 million).

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