Bitcoin’s Volatile Swings Punish Short Sellers with $179M Liquidated in Past 24 Hours
- The crypto market faced over $264.94 million in liquidations within 24 hours.
- USDT led centralized exchange inflows with $553 million.
- Bitcoin recorded $221 million in net outflows as prices surged past $95K.
The crypto market witnessed volatility over the past 24 hours, with over $264.94 million in total liquidations, according to Coinglass. Notably, 119,551 traders were liquidated in the period.
A Binance trader recorded the largest single liquidation order, with a $12.46 million hit on its BTCUSDT pair. Bitcoin led the liquidation figures, contributing $82.49 million, while Ethereum, Solana, and Dogecoin also faced heavy losses.
Short Sellers Hit Hardest by Sudden Price Jumps
Interestingly, traders betting against the market (short sellers) took the biggest hit this time. Around $179.25 million of the liquidated positions were shorts. That’s more than double the $86 million liquidated from long positions. This suggests that sudden upward price movements caught many bearish speculators off guard.
For context, Bitcoin surged past $95,000 yesterday after initially trading below $93,600 before retracing to $94,631. It has now surged by 0.93% in the p…
The post Bitcoin’s Volatile Swings Punish Short Sellers with $179M Liquidated in Past 24 Hours appeared first on Coin Edition.
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Bitcoin’s Volatile Swings Punish Short Sellers with $179M Liquidated in Past 24 Hours
- The crypto market faced over $264.94 million in liquidations within 24 hours.
- USDT led centralized exchange inflows with $553 million.
- Bitcoin recorded $221 million in net outflows as prices surged past $95K.
The crypto market witnessed volatility over the past 24 hours, with over $264.94 million in total liquidations, according to Coinglass. Notably, 119,551 traders were liquidated in the period.
A Binance trader recorded the largest single liquidation order, with a $12.46 million hit on its BTCUSDT pair. Bitcoin led the liquidation figures, contributing $82.49 million, while Ethereum, Solana, and Dogecoin also faced heavy losses.
Short Sellers Hit Hardest by Sudden Price Jumps
Interestingly, traders betting against the market (short sellers) took the biggest hit this time. Around $179.25 million of the liquidated positions were shorts. That’s more than double the $86 million liquidated from long positions. This suggests that sudden upward price movements caught many bearish speculators off guard.
For context, Bitcoin surged past $95,000 yesterday after initially trading below $93,600 before retracing to $94,631. It has now surged by 0.93% in the p…
The post Bitcoin’s Volatile Swings Punish Short Sellers with $179M Liquidated in Past 24 Hours appeared first on Coin Edition.
Read More