Bitcoin and Ethereum shorts liquidated worth $226M in 24 hours
Key Takeaways
- Approximately $226 million in Bitcoin and Ethereum shorts were liquidated within a 24-hour period due to price surges.
- Ethereum shorts contributed $137.9 million to the total liquidations, occurring as ETH accelerated higher.
Bitcoin and Ethereum short positions worth around $226 million were liquidated in a 24-hour period today as both cryptocurrencies surged higher.
The liquidations highlight intense volatility in crypto markets as traders betting against price increases faced forced closures of their positions. Bitcoin, the leading cryptocurrency, and Ethereum, the second-largest digital asset, drove the majority of the liquidation activity.
Ethereum shorts alone accounted for $137.9 million in liquidations during the 24-hour period. The forced closures occurred as both cryptocurrencies extended gains, creating additional upward momentum.
Broader market data shows over $330 million in short positions were wiped out across all cryptocurrencies as bearish traders faced margin calls amid the price rally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise's BAVA ETF: AVAX’s Gateway for Institutions Featuring Zero Fees and Staking Rewards
- Bitwise's BAVA ETF for Avalanche (AVAX) offers 0.34% fees, lower than competitors, with waived charges for the first month or $500M AUM. - The ETF integrates AVAX staking rewards and institutional infrastructure, including Coinbase Custody and BNY Mellon, marking a U.S. crypto first. - AVAX rose 7% toward $18 resistance as Europe's Securitize secured EU approval for Avalanche-based tokenized securities, boosting institutional adoption. - With $2.5M in seed capital and $6.41B market cap, AVAX's 2026 outlo
Pi Network (PI) Retesting Its Key Breakout – Could a Rebound Be Near?
Bitcoin News Update: Bitcoin Drops 30%, Revealing 'Panda Phase'—A Mild Bear Market Lacking a Definite Bottom
- Bitcoin fell 30% to $87,080, its steepest two-month drop since 2022, driven by ETF outflows, leverage liquidations, and stablecoin declines. - Institutional confidence waned as asset managers paused accumulation, while retail investors exited en masse, worsening liquidity and market sentiment. - The Crypto Fear & Greed Index hit record lows at 15, reflecting panic amid Fed policy uncertainty and Bitcoin's 0.72 correlation with the Nasdaq 100. - Deribit's $1.76B call condor bet hints at cautious optimism,
Lowe's CEO's Approach to DEI: Embedding Diversity into Operations Rather Than Symbolic Actions
- Marvin Ellison, former Target part-timer and one of eight Black Fortune 500 CEOs, led Lowe's to $20.81B Q3 revenue through operational discipline and AI-driven innovation. - His Total Home strategy integrating services and store productivity, plus 50+ AI models for inventory/price optimization, drives growth amid retail challenges. - Ellison prioritizes action-based DEI reforms like leadership-focused hiring over credentials, rejecting performative gestures post-2020 George Floyd protests. - Despite rais
Trending news
MoreCrypto prices
More
