The vast majority of traders bet on market growth, which led to the closure of their long positions

The amount of liquidations of margin positions of traders on large crypto exchanges due to jumps in cryptocurrency rates over the past 24 hours exceeded $113 million. Including, according to Coinglass, more than 41 thousand orders worth over $19.3 million for Bitcoin and more than $32 were forcibly closed. 7 million on Ethereum.

The Bitcoin (BTC) rate lost about 1% in a day. As of 10:30 Moscow time, the first cryptocurrency is trading at $27.6 thousand. Ethereum (ETH) has fallen in price by about 2% over the past 24 hours, the price of the coin is at $1.59 thousand. XRP from Ripple has lost 2.5 over the past 24 hours % at the current price of $0.5. The rates of Solana (SOL), Cardano (ADA) and Dogecoin (DOGE) also fell by 2% on average.

BTC/USD
27 370 -311 (-1,12%)
Oct 10 21:15:07
1d 3d 1m 3m 1g 5l
11. you
18. you
25. you
2. Oct
9. Oct
25 000.00
25 500.00
26 000.00
26 500.00
27 000.00
27 500.00
28 000.00
28 500.00
BTC/USD : 25860 Sunday, 10 Sep
Over the past 24 hours, 89% of traders whose orders were forcibly closed expected the market to continue to rise. The remaining liquidated positions are short.

Many positions after Bitcoin and Ethereum were liquidated in BCH ($3.6 million) and XRP ($2.7 million). The largest number of positions were closed on the Binance exchange, followed by OKX and Bybit. The largest single order was liquidated on Binance in the ETH/BUSD pair for $4.53 million.