Bitcoin Reaches $47,000, $420 Million Liquidated

Bitcoin price rose 5% to its highest level in the last 4 months, liquidating $420 million in the last 24-hour period.

Bitcoin, TSI last night $47,245 reached a significant increase and a high rate of short positions were liquidated.

Total cryptocurrency market increased from $1.96 trillion to $2.1 trillion to the market 140 billion dollars money entry has taken place.

According to Coinglass data, at the time of writing, the last 24 hours The total value of the liquidated positions 420 million became dollars. in total from 75 thousand It was stated that many crypto money investors were affected by this.

The largest liquidation was the $10 million Bitcoin short position on the Bitmex exchange, while the total liquidated positions were approximately 78% of It was stated that it was caused by short positions.

positions in liquidation $168 million from bitcoin, 117 million dollars from Ethereum, 30 million dollars from Solana and 12 million dollars and it took place from Zilliqa, one of the most popular coins recently.

The majority of these liquidations were due to FTX, followed by OKX in second place and Binance in third. According to data at OKX within 24 hours 123 million dollar in FTX 150 million dollar value was liquidated.

According to CoinMarketCap data, Bitcoin has been in the last 7-day period. 15% Ethereum gains in value up 16%.

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