🚨 $3.1 billion liquidations in 24 hours
A large wave of liquidations has hit the crypto market, with the main impact falling on shorts.
📊 According to the market data:
$3.13 billion — short positions liquidated in 24 hours
$1.77 billion — of this was on Bitcoin
$1.17 billion — on Ethereum
More than $1 billion in shorts was liquidated in just one hour during a sharp move of BTC above $69,000
The massive closing of shorts increased buying pressure and became additional fuel for the rally.
But there’s an important point: after such a large short squeeze, volatility usually spikes sharply.
🔥 The market has wiped out a huge number of sellers.
Is this the start of a new upward move, or a pause before a correction?
$BTC $ETH
#BTC #Bitcoin #ETH #Ethereum #Liquidations
A large wave of liquidations has hit the crypto market, with the main impact falling on shorts.
📊 According to the market data:
$3.13 billion — short positions liquidated in 24 hours
$1.77 billion — of this was on Bitcoin
$1.17 billion — on Ethereum
More than $1 billion in shorts was liquidated in just one hour during a sharp move of BTC above $69,000
The massive closing of shorts increased buying pressure and became additional fuel for the rally.
But there’s an important point: after such a large short squeeze, volatility usually spikes sharply.
🔥 The market has wiped out a huge number of sellers.
Is this the start of a new upward move, or a pause before a correction?
$BTC $ETH
#BTC #Bitcoin #ETH #Ethereum #Liquidations