Liquidations

The cryptocurrency market recently witnessed significant liquidations, totaling over $200 million, as Bitcoin surged past the $69,000 mark. The Bitcoin price surge led to many short positions being liquidated, causing notable financial repercussions across various trading platforms. Bitcoin’s Sudden Rebound And Liquidations The data from Coinglass provide a clearer picture of the impact, showing that around 60,388 traders and counting faced losses exceeding $200 million in just 24 hours. The distribution of these liquidations varied among the major exchanges, with…

The price of Bitcoin added more than five grand in the past day or so and over $2,000 in the last hours to skyrocket to a new nine-day peak of over $69,000. The altcoins have also turned green, with notable price increases from the likes of SOL, AVAX, and TON. BTCUSD. Source: TradingView Bitcoin had an unfavorable week in the past seven days, as reported earlier, and saw its price stall at around $64,000 during the weekend after a failed…

The BTC price surged 15% on Monday, rising from the $34.5K level to hit highs of $39,681. Although the bulls are yet to break above the $40K resistance, market participants who have endured months of muted price action now have renewed hope that the bull market is still on. The week is off to an excellent start for bulls, who managed to propel the BTC price to levels not seen since June 16. The uptick kicked off slowly in the…