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$600M in crypto liquidations as Bitcoin sours above $23k and ETH puts on a 42% rally in one week.

All Cryptocurrencies

by COINS NEWS 155 Views

The past few hours have been quite amazing in crypto. As Bitcoin finally showed some signs of getting out of its crabbing range upward to $23k and we saw a breathtaking rally from ETH after some Merger news. Obviously that also resulted in short and long liquidations, the past day saw $600M in combined crypto liquidations.

Bitcoin alone has amassed about $60M long and evenly short liquidations in the past few hours. I mean it's your taste and skill level whether you can handle leverage well or not. Mostly people get burned but there are obviously also other people who make a bunch of profit off it.


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