Crypto Shorters Bleed As Bitcoin Price Nears $29K

Also Read: Andrew Tate’s Bitcoin, Luxury Cars To Be Seized Amid Facing Trial In Romania

advertisement

Bitcoin Price Jump Move Crypto Market Up

According to the Coinglass data, more than 46K traders have been liquidated in the last 24 hours. The cumulative liquidation has been reported to be over $162.05 million, while, the biggest liquidation order of BTC/USDT valued at $4.67 million got executed on the crypto exchange Binance.

Out of the total liquidations of $162.05 million, 80.4% of the positions (approx worth $130 million) turn out to be short positions. This suggests that crypto traders were expecting a major Bitcoin price drop as uncertain sentiments guided the market. However, Binance reported the most liquidation, $54 million, over the past day.

Alone Bitcoin saw more than $75 million worth of long and short liquidation over the past day. As per the data, $61.21 million worth of Bitcoin short positions got liquidated. Read More Bitcoin News Here…

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read
crypto liquidation
Source: Coinglass Data

While, the biggest altcoin, Ethereum (ETH) registered over $27 million of long and short liquidation amid the ongoing rally. Around $21 million worth of short positions got liquidated in the last 24 hours.

Also Read: SEC Asked To Report In Coinbase’s Crypto Rulemaking Case In Next 120 Days

The cumulative market cap jumped by more than 6% over the past day. It now stands at $1.14 trillion with a $66 million inflow.

Mooky Presale
Mooky Coin Presale
$MOOKY is a meme token which helps planting trees by donating to charity.
Visit Here
AD

Comments

Post a Comment

Popular posts from this blog

Dogecoin is one 'cycle' away from $0.01: Here's Why

Image
January 2021 marked one of the most exciting times for a beloved crypto. Bitcoin toppled its 2017 high of $20,000 but it was not the topic of discussion. Dogecoin’s monthly return of 688% took the industry by surprise; suddenly, it was the only asset the general community cared about. Over the next few weeks, DOGE managed to build momentum reaching an all-time high of $0.74 cents. The bullish market helped, Elon Musk was the next big ‘crypto influencer’ and the ‘memecoin’ had everyone’s attention. Now, 730 days later, the industry is at the opposite end of the spectrum, and well Dogecoin is possibly one destructive cycle away from falling under $0.01. Unbelievable? Let us explain. There is no escaping the Dogecoin ‘Void’ We will break down this Analysis into two parts. Firstly, let us understand the price action for Dogecoin from a technical and trend perspective. At press time, Dogecoin rallied by roughly 10% in 2023. Pretty solid ...
Read more

Bitcoin traders await FOMC, Powell as BTC price hits new 1-month high

Image
Bitcoin keeps up the gains with U.S. stocks with hours to go until a decision on rate hikes and comments from Fed Chair Powell. Bitcoin (BTC) set new one- month highs on the Dec. 14 Wall Street open on the day of key events for the United States Federal Reserve. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin bullish with Ustocks into FOMC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $18,126 on Bitstamp, beating the $18,106 high from the day prior. U.S. stocks edged higher as markets eagerly awaited feedback from the Fed after the November Consumer Price Index (CPI) print showed inflation slowing beyond expectations. Dec. 14 was set to see a decision on rate hikes for the month from the Federal Open Market Committee (FOMC), together with a speech from Fed Chair Jerome Powell. The latter event tends to spark considerable volatility, with pundits closely scrutinizing Powell’s language for hints about longer-term economic policy. “With FO...
Read more

3 theses that will drive Ethereum and Bitcoin in the next bull market

Image
Cryptocurrency is going to break out of its bubble and reach critical mass thanks to layer-2 blockchains — and a couple of other factors. After 2021, we entered an era in cryptocurrency where people stopped talking only about financial decentralization and started to broadly discuss the tokenization of everything, thanks in part to nonfungible tokens (NFTs). This shift represents a critical perspective that is set to guide three theses for the upcoming bull market . To fully grasp these theses , it is crucial to understand that everything is data. Money is data. Your engagement with a brand is data. Your credentials are data. The ticket for your favorite show is data. Since 2021, the ecosystem has increasingly started to store a large part of this data in the form of fungible tokens, NFTs, and timestamps on the blockchain, which acts as a data repository in this context. Related: Expect new IRS crypto surveillance to come with a surge in confiscation While not all data needs to be on...
Read more