Bitcoin, which has been in a downtrend for a while ( BTC), surged more than 6 percent in a short period of time, shaking up “short” trades.
Almost always bearish since $31,800 BTC , which came to $ 26,825 from $ 25,300 in the past hours, showed an increase of 6.10 percent. The short positions accumulated in the short term were shaken with this attack of BTC. In the last 24 hours, $84.42 million worth of transactions have been liquidated. Of these transactions, 61.18 million dollars were short and 23.24 million dollars were long transactions.
SUI, SOL and XRP top the list
After BTC and ETH, the most liquidation data came from SUI ($2.41 million), SOL ($1.86 million) and XRP. Standing out with its sharp price movements in futures, SUI has once again manifested itself. Other than the top of the list, noteworthy cryptocurrencies were BNB, LTC, DOGE and ADA.
The most liquidation in the last 24 hours came from OKX exchange with $ 30.53 million. Short transactions accounted for 67.88 percent of these liquidations. On Binance, the liquidity of $ 27.14 million transaction was received. Bitmex, on the other hand, appeared with the opposite rate to other exchanges. While short-sided transactions were liquidated in most exchanges, this data took place in the form of long-sided transactions at a rate of 61.55 percent in Bitmex.
