Bitcoin Shorts Worth $170M Liquidated As BTC Zooms To $34K In …

The sudden surge in Bitcoin’s price triggered a torrent of BTC shorts, resulting in a staggering $170 million in liquidations within the past 24 hours, as reported by analytics firm CoinGlass. …

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The sudden surge in Bitcoin’s price triggered a torrent of BTC shorts, resulting in a staggering $170 million in liquidations within the past 24 hours, as reported by analytics firm CoinGlass. …

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Bitcoin's weekend surge led to $170 million worth of shorts being liquidated, with analysts debating the causes. ... Bitcoin Weekend Surge Forced $170 Million Worth of Shorts Into …

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Jul 15, 2024 · On Monday Bitcoin saw its most significant price jump in two months following an assassination attempt on former President Donald Trump. The

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Jul 15, 2024 · On Monday Bitcoin saw its most significant price jump in two months following an assassination attempt on former President Donald Trump. The cryptocurrency market …

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Jul 15, 2024 · Bitcoin Weekend Surge Forced $170 Million Worth of Shorts Into Liquidation. ... 2024 by . Analysts questioned whether Bitcoin’s price surge was the result of a Trump pump …

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Jul 15, 2024 · Bitcoin Weekend Surge Forced $170 Million Worth of Shorts Into Liquidation . July 15, 2024. By Decrypt. We do the research, you get the alpha! ... The cryptocurrency market …

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Jul 15, 2024 · Analysts questioned whether Bitcoin's price surge was the result of a Trump pump or wider macro factors.

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Oct 14, 2024 · In total, 54,422 traders faced liquidations amounting to more than $167.18 million. Bitcoin shorts alone accounted for $52.90 million of the day’s total liquidations, followed by …

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Jul 15, 2024 · Bitcoin Weekend Surge Forced $170 Million Worth of Shorts Into Liquidation ... Total short liquidations through the weekend stood at roughly $170 million by early Monday …

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FAQs about Bitcoin Shorts Worth $170M Liquidated As BTC Zooms To $34K In … Coupon?

Are bitcoin shorts rising again?

Meanwhile, bitcoin shorts are rising again after bitcoin shorts tapped a two-year high on the derivatives exchange Bitfinex on June 25. Bitcoin ( BTC) and digital markets, in general, have seen better days as BTC tapped an all-time high above the $64K handle three months ago but is still down 48.66% since then. ...

Why did bitcoin surge in March?

The recent surge comes after Bitcoin hit a record high of almost $74,000 in March, driven by demand for dedicated US exchange-traded funds. Subsequently, the token experienced a pullback due to moderating inflows, Germany’s sales of seized tokens. ...

How did the cryptocurrency market react to the weekend?

The market reaction was particularly pronounced in terms of liquidations. Total short liquidations through the weekend stood at roughly $170 million by early Monday morning, while long liquidations amounted to $49.73 million, according to data from Coinglass. ...

When will Bitcoin prices cross the $48,000 level?

Some observers expect bitcoin prices to cross the $48,000 level in the coming weeks. “The staging for this rally already started in the week beginning 10/23 when BTC managed to overcome the iron-beam resistance in the $30k area,” shared Julius de Kempenaer, senior technical analyst at StockCharts.com, in a note to CoinDesk. ...

Why did bitcoin break a downward trend?

Valentin Fournier, an analyst at BRN, said that Bitcoin confirmed the breakout of the downward trend on a large accumulation led by whales, who bought $4.3 billion while the German government's selling of seized BTC pushed the price down. ...

Why did short traders lose $90 million on Tuesday?

Short traders betting against higher bitcoin [BTC] prices lost some $90 million on Tuesday alone, adding to the $70 million in short liquidations on Monday, according to data source CoinGlass. These may have contributed to the asset’s strength since the start of this week – a move that has seen it jump to $44,000 from $39,000. ...