🔥The price of Bitcoin is rising and trader liquidations are also up 🚀
In the last 24 hours, the #mercado of the #Criptomonedas has experienced significant volatility, starting with the price of #bitcoin surpassing the $100,000 mark. This price movement caused massive liquidations in the trades of several #traders .
According to data from the coinglass platform, around 250,000 traders were liquidated with total losses reaching $1 billion. With this data, we can observe that the most affected positions were "short trades," leading to losses of $686 million.
Traders bet that ETH would be the most impacted cryptocurrency and that it would not rise in price; however, in the last 24 hours, it is the cryptocurrency with the highest market capitalization that has risen the most. According to coinglass, this is the largest short liquidation seen since 2021.
How will the price of Bitcoin perform this weekend?
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