Bitcoin
Crypto Liquidations Near $1B as Bitcoin Retakes $80,000
Leveraged crypto traders lost close to $1 billion in 24 hours as Bitcoin climbed back above $80,000. Roughly 59% of that came from short positions, which are bets that prices would keep falling. CoinGlass liquidation data put the 24-hour total between $950 million and $975 million, depending on when the window was measured. Short liquidations ran from $560 million to $575 million across those snapshots. Long liquidations were about $391 million to $401 million. A liquidation happens when an exchange force-closes a leveraged position whose margin no longer covers its losses. For a short, that means buying the coin back,...
Altcoin Buzz5 min read
