Bitcoin pushes past $49k as crypto liquidations exceed $135m.
BTC 50k comming soon.🔥
Bitcoin has gained 16% in the past week and over 15% in the last 30 days, but price volatility still rocks leveraged crypto positions across the board.
While Bitcoin (BTC) exchanged hands above $49,000 on Feb. 12 following eight consecutive green days, cryptocurrency traders experienced sweeping liquidations in the past 24 hours.
According to CoinGlass, over $135 million was eliminated from crypto markets, represented by both long and short positions. Traders take long bets when they expect higher prices and, conversely, short bets when the prediction tilts toward lower ranges.
