Recent rises in the price of Bitcoin (BTC) have resulted in the liquidation of futures positions worth tens of millions of dollars.
Bitcoin’s rising performance in the last day disappointed investors who took both long and short futures positions. According to data from on-chain analysis platform CoinGlass 24 hourly Over time, only Bitcoin $83 million short position While liquidation, long transactions were less affected by this situation.
In the last 24 hours 7.65% rising Bitcoin, $42,600 from level $45,870managed to reach level r. In particular, spot Bitcoin exchange-traded fund (ETF) applications are likely to be expected in the coming months. within 1 week The increased expectation of approval served as fuel for upward price movement.
With the rise, it is the most liquidated situation after Bitcoin Ethereum (ETH) This occurred specifically in futures positions. According to data in the last 24 hours worth $26 million Ethereum short position liquidated. On the other hand, the market in general in the last 24 hours $180 million liquidation happened.
While writing Bitcoin to CoinGecko data from $45,548 is being traded.