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Bitcoin (BTC) upset the bears: Explosion in short transactions!
The rise of #Bitcoin (#BTC ) to 57 thousand dollars upset the bears: 380 million dollars were liquidated in the last 24 hours, mainly short-term transactions.
Bull bells have started ringing in the cryptocurrency market. The leading cryptocurrency Bitcoin (BTC) has excited investors by reaching 57 thousand dollars. The rise in BTC has led to the introduction of money into altcoins.
Investors who thought that BTC would experience a decline and took short (bearish) directional trades were upset. According to Coinglass data, $ 380 million has been liquidated in the last 24 hours.
Liquidation data drew attention: Bitcoin (BTC) made me sad and laugh at the same time
The leading cryptocurrency Bitcoin (BTC) rose from 51 thousand dollars to 57 thousand dollars the other day. The 10 percent rise of BTC made crypto investors both sad and laugh. Many investors took short (bearish) directional trades because they were waiting for a correction in BTC. BTC liquidated short-way transactions by making a reverse corner.
According to the liquidation data obtained from Coinglass, $ 380 million has been liquidated in the last 24 hours. short-term transactions accounted for $271 million of the $380 million liquidation.
According to the data, 89,163 investors were liquidated in the last 24 hours. The largest liquidation took place on the Binance exchange. The aforementioned liquidation was a $10.38 million transaction at the ETH/USDT parity.
The liquidation data mainly fit into the last 12 hours. The liquidation data in recent hours have intensified in long (bullish) directional transactions. The increase in greed in the cryptocurrency market, which is gaining volatility, triggered the liquidation of long transactions. In the last 4 hours, $14.22 million long and $ 9.54 million short transactions were liquidated.(Thanks to ✍️)
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