Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Market records $128 million in short liquidations as Bitcoin breaks $64,500

Share This Post

Bitcoin’s price reached $64,890 as of press time, up from $62,849 24 hours earlier. This led to $193.63 million in total liquidations over the past day. According to data from Coinglass, 57,624 traders were liquidated during this period.

Bitcoin price liquidations (Source: Coinglass)
Bitcoin price liquidations (Source: Coinglass)

The largest single liquidation order, valued at $9.59 million, occurred on OKX’s BTC-USDT-SWAP. Short positions dominated the liquidations, accounting for $128.04 million, while long positions amounted to $65.65 million.

In the last hour, liquidations totaled $10.99 million, with shorts comprising $10.59 million and longs $396,390. Over the past four hours, liquidations reached $32.38 million, with $28.47 million in shorts and $3.91 million in longs.

Bitcoin led the liquidations by asset, contributing $67.99 million, followed by Ethereum at $39.05 million. The surge in Bitcoin’s price applied pressure on traders holding short positions after a week of pressure on longs saw $144 million liquidated.

The post Market records $128 million in short liquidations as Bitcoin breaks $64,500 appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

XRP Price Prediction For May 25

The post XRP Price Prediction For May 25 appeared first on Coinpedia Fintech News The XRP market has been moving sideways lately, and analysts are eager to see whether a breakout or a deeper pullback

Cardano (ADA) Price Holds Ground Amid EU Tariff Threat, Analysts Eye $1 Breakout

The post Cardano (ADA) Price Holds Ground Amid EU Tariff Threat, Analysts Eye $1 Breakout appeared first on Coinpedia Fintech News In the past 48-hours, Cardano price faced rejection at the

Stacks Resumes Block Production Amid Warnings of ‘Occasional Degradation’

Bitcoin Layer 2 blockchain solution Stacks announced on May 24 the resumption of block production after resolving issues related to “misbehavior stemming from the stacks-node’s mempool

Dogecoin Price Expected To Reach $3 By EOY As 2021 Cycle Trend Returns

Although the past 24 hours have been marked by a decline for Dogecoin, the meme coin has delivered a strong performance over the past week The memecoin rallied from a May low of $016428 to a high of

Ethereum’s DeFi Reign Slips 37% Since 2021—A Blockchain Power Shift?

Current metrics place the total value locked into decentralized finance (DeFi) at approximately $117856 billion Ethereum, once commanding more than 56% of that figure at the close of 2024, has since

Former IMF chief economist believes crypto is a rising threat to the U.S. Dollar’s dominance

American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the US dollar Rogoff previously served as the chief economist at the International Monetary Fund