Bitcoin Rise Upset the Bears: $112 Million Liquidation in Cryptocurrencies!

While Bitcoin (BTC) and cryptocurrencies entered October with an increase, millions of dollars of investors who took short positions were liquidated.

With the arrival of October, there was a significant increase in Bitcoin and cryptocurrencies. Bitcoin October 2 in the early hours of the day, shortly 4% While the rest of the cryptocurrency market is rising around rise followed.

Bitcoin price 1,000 dollarwith an increase of $28,150 And Ethereum (ETH) price $90 with rise $1,730 While it was above, the biggest liquidation of recent times took place in the market.

According to CoinGlass data, with the increases in the cryptocurrency market in the last 24 hours, $112 million liquidation was done. These $94.44 million short while being directional $16.93 million long created directional positions.

Positions in liquidation $43.25 million in Bitcoinin and $28 million in EthereumIt took place in .

One of the altcoins most affected by the liquidation wave Solana (LEFT), Chainlink (LINK) And Bitcoin Cash (BCH) came. According to the data, specifically for SOL 5.80 million dollar on LINK 2.61 million in dollar and BCH 1.92 million The dollar position was liquidated.

111 million total liquidation amount in dollars $34.98 million portion cryptocurrency exchange OKX 2nd place while taking place on $31.98 million with Binance took place. Largest liquidated cryptocurrency exchange on Huobi opened 8.39 million dollar Bitcoin It became a long position.

According to CoinGecko data bitcoin, while writing $28,190It finds buyers from.

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