TechFlow News, according to The Block, short liquidations have exceeded $1.28 billion since Tuesday, with approximately 205,000 traders liquidated, of which FTX accounted for 72%.
Cryptocurrency prices surged due to hopes of the Federal Reserve easing rate hikes, triggering a series of liquidations starting Tuesday. As a result, crypto traders faced $686 million in short liquidations on Tuesday. Long-position traders also suffered losses, with $99 million in long liquidations on the same day.
Cryptocurrency prices continued rising on Wednesday, with Bitcoin briefly trading above $21,000 and Ethereum around $1,570. With prices still climbing today, liquidations are ongoing.Original link
Add to Favorites
Share to Social Media
