randomm

Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million

The Bitcoin price surge toward $87,000 has ignited a wave of short liquidations, forcing bearish traders to close their positions at a loss. In the last 24 hours, the total market liquidation passed $200,000, with the majority of this loss coming from short positions.

According to liquidation heatmaps from Coinglass, Bitcoin alone has accounted for $77.33 million in liquidations, with $67.04 million coming from short positions. This indicates that a large number of short traders expected BTC to decline but were forced to exit as prices moved against them and hit the $87,000 mark.

Bitcoin Price Bid For $87,000 Sends Short Traders Running As Liquidation Losses Cross $110 Million

The Bitcoin price surge toward $87,000 has ignited a wave of short liquidations, forcing bearish traders to close their positions at a loss. In the last 24 hours, the total market liquidation passed $200,000, with the majority of this loss coming from short positions.

According to liquidation heatmaps from Coinglass, Bitcoin alone has accounted for $77.33 million in liquidations, with $67.04 million coming from short positions. This indicates that a large number of short traders expected BTC to decline but were forced to exit as prices moved against them and hit the $87,000 mark. 

https://bitcoinist.com/bitcoin-price-bid-for-87000/