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Bitcoin’s (BTC) price is pushing for $22,000 while ETH surged past $1.4K. This has left lots of short positions liquidated.
The cryptocurrency market continues recovering, and over the past few days, it’s gained a complete of $150 billion to its capitalization, which now stands above $1 trillion.
- Bitcoin’s price is currently trading around $22,000, charting a rise of about 5% within the past seven days and a pair of.1% within the past 24 hours.
- Ethereum, on the opposite hand, is the absolute leader in terms of price performance over the past days, up 22.6% on the week and 5.5% within the past day.
- This has led to over $250 million in total liquidations, over $160 million of which were of short positions – somewhat expectedly.
- Data from Coinglass reveals that the most important single liquidation order happened on FTX, and it absolutely was an ETH perpetual contract with a face value of $2.83 million.
- ETH is additionally within the lead in terms of overall liquidations over the past 4 hours, with 65K worth of it getting liquidated (a total of around $94 million).
- In aggregation, 64% of the positions that were liquidated were short across the foremost prominent exchanges, with the most important liquidation volume being on OKX.
