#TradingStrategyMistakes

$1 billion in crypto shorts eliminated as Bitcoin rises

Approximately 232,149 traders have faced liquidation in the last 24 hours as the cryptocurrency market surged to unprecedented levels.

Bitcoin short-sellers experienced significant losses as the cryptocurrency soared to new all-time highs, leading to the liquidation of over $1 billion in short positions within a single day.

Specifically, $1.01 billion in crypto short positions were liquidated, affecting 232,149 traders. Currently, traders are optimistic, anticipating that the price will either stabilize or continue to increase.

Approximately $2.11 billion in long positions are vulnerable to liquidation should Bitcoin revert to Wednesday’s price of $112,000