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.

Source: coinglass

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.

Source: TradingView

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.

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Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.