The post Bitcoin’s sharp rise and fall starts week with $311 million in liquidations appeared on BitcoinEthereumNews.com.
Bitcoin’s recent volatility triggered $311.53 million in total crypto liquidations over the past 24 hours, trading between $95,000 and $92,000. This movement followed an initial 2% rise offset by a 3% decline as the Asia markets opened. Crypto liquidations (Source: Coinglass) Data from Coinglass shows that long positions accounted for 78.82% of liquidations, totaling $245.55 million. Short positions saw $65.99 million in liquidations. Binance led with $127.18 million liquidated, 81.21% from long positions. OKX and Bybit followed with $79.50 million and $52.87 million liquidated, respectively, similarly dominated by long liquidations. Bitcoin remained the most liquidated asset, with $44.91 million from long positions and $20.43 million from shorts. Ethereum followed at $34.31 million liquidated from longs and $18.11 million from shorts. Other assets, including Solana, XRP, and Dogecoin, collectively contributed to the liquidations, reflecting broader market instability. The largest single liquidation occurred on Binance’s BTCUSDT pair, valued at $8.21 million. Over 132,800 traders were affected, as crypto liquidations have remained elevated despite a slight decline in open interest. OI has fallen to $60 billion from a high of $71 billion on Dec. 18. Analyst Liam ‘Akiba’ Wright Editor-in-Chief at CryptoSlate Also known as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change. Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.…