#TradingStrategyMistakes

1.000 billion dollars in short cryptocurrency positions were liquidated with the rise of Bitcoin.

Approximately 232,149 traders were liquidated in the last 24 hours as the cryptocurrency market reached new highs.

Bitcoin short sellers were hit hard on Thursday as the cryptocurrency surged to new all-time highs, resulting in over 1 billion dollars in short positions liquidated in 24 hours.

Data from CoinGlass shows that 1.010 billion dollars in short cryptocurrency positions were liquidated, affecting 232,149 traders.

This included approximately 570 million dollars in short positions of Bitcoin

BTC 100,725 € and 206.93 million dollars in short positions of Ether ETH 2,547 €.

Liquidations occurred as Bitcoin reached a new high for the second consecutive day, 112,000 dollars on Wednesday and 116,500 dollars on Thursday, while Ether surged to 2,990 dollars on Thursday.

The shakeup provokes a response from the cryptocurrency industry.

The cryptocurrency market capitalization has increased by 4.4% in the last 24 hours to 3.630 trillion dollars, according to data from CoinMarketCap.