While Bitcoin (BTC) and cryptocurrencies entered December with an increase, millions of dollars of investors who took short positions were liquidated.
Bitcoin and the cryptocurrency market, which had a remarkable performance in November, made a strong start to December. Bitcoin late yesterday since May 2022 working as resistor 40 thousand dollars managed to break the level. Bitcoin rose approximately in the first 4 days of December. %11th while the market is risingbears” suffered significant losses.
According to the data provided by the on-chain analysis platform Coinglass, 24 hours in $205 million futures position was liquidated. These purges 77% are short positions took place on. Positions in liquidation $159 million part short When creating directional transactions 45 million dollar da long The position was liquidated.
Positions in liquidation $80 million Bitcoinin and $30 million in EthereumIt took place in .
One of the altcoins most affected by the liquidation wave ORDI (ORDI), Solana (LEFT) And Big Time came. According to the data, specific to ORDI 10.75 million dollar on LEFT 4.92 million in dollar and BIGTIME 4.81 million The dollar position was liquidated.
205 million total liquidation amount in dollars $78 million portion world’s largest cryptocurrency exchange Binance 2nd place while taking place on $55 million with OKX took place. The largest liquidation cryptocurrency exchange opened on BitMEX 6 million dollar Bitcoin It became a long position.
According to CoinGecko data, in the last 24 hours 5.2% increase Bitcoin exhibiting, at the time of writing from $41,481 is being traded.