Bitcoin (BTC) Soars Up Leading To $600 Million Liquidations Hit Short Sellers

Key Points:

• As Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies surge, short sellers are drowning in a flood of liquidations.
• Bitcoin liquidations have reached $51.27 million in the previous 24 hours, while Ethereum liquidations totalled $65.80 million.
• Solana (SOL) liquidations have reached $6.48 million, followed by Aptos (APT) which has also surpassed over $4 million in the previous 24 hours, and the figure of Dogecoin (DOGE) meme tokens had reached $3.26 million.

As Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies surge, short sellers are drowning in a flood of liquidations. CoinGlass liquidation statistics indicated that the crypto markets have seen more than $180 million in liquidations in the previous 24 hours alone.

According to the crypto data platform, short sellers have been smacked with nearly $600 million in liquidations since January 14th.

Bitcoin liquidations have reached $51.27 million in the previous 24 hours. At the time of writing, the leading cryptocurrency by market size is trading at $21,159, up 23% in the previous seven days.

During the same time span, Ethereum liquidations totalled $65.80 million. At the time of writing, the largest smart contract platform by market size is trading for $1,580, up 19.67% from the previous week.

Despite recent network issues, Solana (SOL) liquidations have reached $6.48 million in the previous day. The 11th-largest cryptocurrency by market value is now selling for $23.68, up 45.65% from the previous week.

Aptos (APT), the 40th-largest cryptocurrency by market value, has also surpassed over $4 million in the previous 24 hours, reaching $4.87 million at the time of writing. APT is currently trading at $8.12, up 105% in the previous seven days.

Last but not least, according to CoinGlass, liquidations of Dogecoin (DOGE) meme tokens had reached $3.26 million in the previous day. At the time of writing, DOGE is trading for $0.0836, up 14% from the previous week.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News