The cryptocurrency market, after experiencing a bloodbath last week, finally welcomed a rebound today (29th). Bitcoin started a surge around 21:00 on the evening of the 28th, and around 6:00 this morning, it strongly surged, rapidly breaking through 110,000 USD, peaking at 112,354 USD, and currently reported at 112,275 USD, with a near 24-hour increase of 2%; Ethereum also warmed up, peaking at 4,146 USD this morning, currently reported at 4,133 USD, with a near 24-hour increase of 2.77%.
Total liquidation of 260 million USD
According to Coinglass data, during this wave of rebound, a total of 92,762 people were liquidated in the past 24 hours across the network, with a total liquidation amount of approximately 260 million USD; among them, long positions were liquidated for about 70 million USD, while short positions were liquidated for 189 million USD.
It is also worth mentioning that, after this round of rebound, as of now, Bitcoin has accumulated a rise of 3.59% this month. If it can continue to stay above 108,800 tomorrow (30), it will extend Bitcoin's success in 2024 and 2023, achieving three consecutive increases in September.
