Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.

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 read13

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.

Table of Contents

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.

For more up-to-date crypto news, you can follow Crypto Data Space.

Previous post Pepe Price Surges Past Resistance as Speculation Mounts on Elon Musk’s Influence

Next post World of Dypians Sets TGE Date with 1.25 Million+ Members Expected to Attend

Written by

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.

You must be logged in to post a comment.