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Bitcoin (BTC) $ 104,169.21 0.28%
ethereum
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xrp
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Dogecoin (DOGE) $ 0.400123 7.00%
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cardano
Cardano (ADA) $ 1.13 1.14%
staked-ether
Lido Staked Ether (STETH) $ 3,312.70 4.89%
bitcoin
Bitcoin (BTC) $ 104,169.21 0.28%
ethereum
Ethereum (ETH) $ 3,318.84 4.84%
xrp
XRP (XRP) $ 3.25 0.46%
tether
Tether (USDT) $ 0.999326 0.13%
solana
Solana (SOL) $ 261.81 18.58%
bnb
BNB (BNB) $ 713.01 1.47%
dogecoin
Dogecoin (DOGE) $ 0.400123 7.00%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 1.13 1.14%
staked-ether
Lido Staked Ether (STETH) $ 3,312.70 4.89%

Bitcoin Price Skyrockets Above $20K, Leaves Over $160M Shorts Liquidated

Bitcoin’s price recovered above $20,000, painting an increase of over 7% in the past 24 hours. The rest of the market is also in the green.

This has put a dent in the short positions, leaving over $160 million liquidated.

  • Bitcoin’s price touched $20,800 today and increased by a considerable 7% in the past 24 hours.
  • The rest of the cryptocurrency market has also followed suit, but it appears that BTC is the predominant leader at the time of this writing.
img1_btc_chart
Source: Binance via TradingView
  • This has left a considerable amount of liquidated positions – a total of $215 million for the past 24 hours.
  • This time, however, bears are underwater as over $160 million of the above were liquidated shorts.
  • Interestingly enough, BTC leads the way with over $80 million in total liquidations. This comes as a change because, over the past few weeks, ETH was leading the way in terms of derivatives volume.
  • The largest single liquidation order took place on OKEx, and it was a BTC-USDT swap with a face value of $3.62 million.
  • It’s also worth noting that the increased volatility comes a day after the European Central Bank hiked interest rates by 75 bps – a move that many consider being long-term bearish for the crypto market.

The post Bitcoin Price Skyrockets Above $20K, Leaves Over $160M Shorts Liquidated appeared first on CryptoPotato.

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