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CDS Crypto News Crypto Market Liquidations Surge: $120M Shorts and $380M Longs Wiped Out

Crypto News

Crypto Market Liquidations Surge: $120M Shorts and $380M Longs Wiped Out

lectertodd25/11/20241 Mins read24

Crypto Market Liquidations Surge $120M Shorts and $380M Longs Wiped Out

Crypto Market Liquidations Exceed $500M: Bitcoin Leads with $70M

In the last 24 hours, the cryptocurrency market saw liquidations totaling more than $500 million. Coinglass data released on Sunday indicates that there were 197,551 traders with $120 million in short positions and US$380 million in long holdings. Of these liquidations, Bitcoin alone was responsible for $70.4 million.

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Bitcoin Nears $100K: Dogecoin and Ethereum Contribute $78.7M to Market Liquidations

The contributions from Dogecoin and Ethereum were $35.3 million and $43.4 million, respectively. On Friday, Bitcoin‘s price hit $99,320, just shy of the $100,000 threshold. Now, Bitcoin is trading at $98,289, so it still has a very high chance of breaking the $100,000 mark.

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lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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