Over $100M Liquidated In Bitcoin, Ethereum Shorts As King Crypto Eyes $29K Mark
Portfolio Pulse from Mehab Qureshi
Over $127.98 million in shorts were liquidated in the cryptocurrency market after Bitcoin (BTC) breached the $28,000 mark. Of the total liquidation, approximately $77 million were associated with BTC, $25 million with Ethereum (ETH), and the rest with other altcoins.
June 21, 2023 | 7:19 am
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Bitcoin breached the $28,000 mark, leading to over $127.98 million in shorts being liquidated, with $77 million associated with BTC.
Bitcoin's price surge past the $28,000 mark led to a massive liquidation of shorts, with $77 million associated with BTC. This indicates a bullish sentiment in the market, which could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum saw $25 million in shorts liquidated after Bitcoin breached the $28,000 mark.
As Bitcoin's price surged past the $28,000 mark, Ethereum also experienced a liquidation of shorts worth $25 million. This suggests a positive sentiment in the market for Ethereum, which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80