Over 90K traders liquidated amid massive crypto price surge
Over $9o,000 traders were liquidated in 24 hours as Ethereum, Bitcoin prices surged to $3,800 and $71k respectively. Total liquidations reached $383 million, with $297 million in shorts and $86 million on longs. Market is upbeat about SEC approving spot Ether ETF after latest developments the regulator initiated late Monday. Coinglass data shows that more than 90,000 trade rs were liquidated in the past 24-hours, with total liquidations reaching $383 million. The spike in prices for Ethereum, Bitcoin, Dogecoin and other tokens saw over $297 million in short positions liquidated. Longs accounted for about $86 million in liquidated positions as crypto prices skyrocketed late Monday and on Tuesday. According to Coinglass, the total number of liquidated trade rs reached 93,833 at 11:40 am ET on Tuesday. The largest liquidation happened on BitMEX, with an XBTUSD trade worth $4.26 million liquidated . Ethereum traders see over $100 million in short liquidati...