$600,000,000 in Liquidations Hit Short Sellers as Bitcoin (BTC), Ethereum (ETH) and Altcoins Pop – Crypto News – Crypto News
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$600,000,000 in Liquidations Hit Short Sellers as Bitcoin (BTC), Ethereum (ETH) and Altcoins Pop $600,000,000 in Liquidations Hit Short Sellers as Bitcoin (BTC), Ethereum (ETH) and Altcoins Pop

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$600,000,000 in Liquidations Hit Short Sellers as Bitcoin (BTC), Ethereum (ETH) and Altcoins Pop – Crypto News

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3 years ago

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Crypto short sellers are drowning in a deluge of liquidations as Bitcoin (BTC), Ethereum (ETH) and other altcoins rally.

According to liquidation data from CoinGlassthe crypto markets have experienced more than $180 million in liquidations in the last 24 hours alone.

Since January 13th, short sellers have been hit with over $600 million in liquidations, according to the crypto data platform.

In the last 24 hours, Bitcoin liquidations have hit $34.71 million. The leading crypto by market cap is trading for $21,009 at the time of writing, up 23% over the last seven days.

Over the same period, Ethereum liquidations have reached $47.59 million. The leading smart contract platform by market cap is trading for $1,553 at the time of writing, up 21% in the last week.

Despite recent network struggles, ETH-competitor Solana (Sol) liquidations have reached $5.87 million over the last day. The 11th-largest crypto by market cap is trading for $23.10 at the time of writing, up 61% over the last week.

Liquidations for the 40th-largest crypto by market cap, Aptos (Apt), have also reached over $5 million over the last 24 hours, hitting $5.36 million at the time of writing. Currently, APT is trading for $8.14, up 112% over the last seven days.

Finally, the meme token Dogecoin (USD) liquidations have reached $3.29 million over the last day, according to CoinGlass. DOGE is trading for $0.0836 at the time of writing, up 14% over the last week.

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