In the last 24 hours, $1.1 billion worth of SHORT positions were liquidated.

The largest liquidation occurred in Bitcoin, with $658 million liquidated in $BTC. A liquidation exceeding $250 million also occurred in Ethereum.

When looking at coins other than $BTC and $ETH, you see only a $90 million liquidation. There was significant SHORT pressure on Bitcoin and Ethereum. Sharp rises broke this pressure. If the rise continues, much larger liquidations may occur...

#Altcoins #Cryptocurrency #Bullish #Bitcoin #Ethereum