$417.16M in Liquidations when Bitcoin price surges over $47,000

At the time of publishing, Bitcoin is trading around $47,000, but it has peaked at $47,650 earlier today. This is the highest price BTC has reached since January 2nd.

Bitcoin’s price is on a steady upward trend as it enters its seventh straight positive day.

According to coinglass data, till now, there is a total of over $417 million worth of liquidations in the past 24 hours.

FTX is the leading exchange in terms of contributing the liquidations with $150.29M in liquidations in the last 24 hours. Some of the following names are Okex, Binance and Bybit with $123.7M, $70.17M and $27.33M in liquidations, respectively.

Almost 80% of the liquidated positions were short, which was somewhat expected.

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 CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News