This price surge has had a significant impact on the digital asset market. In the past 24 hours, approximately $36.88 million worth of short positions have been liquidated. According to Coinglass,<\/a> Binance shouldered the brunt of these liquidations, accounting for just $15.62 million in liquidated shorts.<\/p>\n Meanwhile, roughly $500 million of liquidation leverage is sitting between the current price of Bitcoin at $38,300 and $39,000.<\/p>\n Furthermore, this price uptick has sparked a rise in Bitcoin open interest. Open interest represents the total number of outstanding Bitcoin futures or options contracts in circulation at a given time, indicating the amount of capital committed to Bitcoin derivatives. Open interest has seen a 4% rise over the past 24 hours. Consequently, Binance<\/a> has emerged as the leading exchange in terms of Bitcoin open interest.<\/p>\n The post Bitcoin rally triggers over $36 million in shorts liquidations<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take December has started on a bullish note for Bitcoin, with the opening price over $38,000 and a high brushing just under the $38,400 mark. This price surge has had a significant impact on the digital asset market. In the past 24 hours, approximately $36.88 million worth of short positions have been liquidated. According […]<\/p>\n","protected":false},"author":2,"featured_media":204445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-204444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=204444"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204444\/revisions"}],"predecessor-version":[{"id":204446,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204444\/revisions\/204446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/204445"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=204444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=204444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=204444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"bitcoin](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/12\/op.png\")