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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.
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Hot right now:

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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

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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.

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