Bitcoin leads to $114 million liquidations in 24 hours

47
1
Bitcoin leads to $114 million liquidations in 24 hours

In just 24 hours, a significant shakeup in the crypto market resulted in the liquidation of $114.92 million, mostly in short positions. Why were major exchanges hardest hit,OKX, Binance, and Huobi? However, Bitcoin was the main factor in these liquidations, but the tables are turning. Bitcoin is aiming for the $28,000 mark after languishing below $27,000 for more than a month. Is this a fluke or the start of a trend? The market is exhibiting a shift in sentiment, with traders becoming more optimistic. Is it going to last?

With a Solana wallet, you can learn more about CryptoSlate Alpha, and connect your Solana wallet to read the rest of this article. This story is only available to CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership that enables you to gain advanced insights and knowledge, built together with Access Protocol. With CryptoSlate Alpha, connecting to CryptoSlate Alpha requires authentication using Access Protocol. For more details, see our terms page.