Data shows the crypto futures market has observed over $181 million in liquidations today after Bitcoin rallied beyond the $41,000 mark.
Highlights
- Data shows the crypto futures market has observed over $181 million in liquidations today after Bitcoin rallied beyond the $41,000 mark.
- Short contracts have suffered the brunt of the liquidation brunt, as $182 million in such contracts have gone down the drain.
- Bitcoin, the most dominant asset in the sector, is behind the largest portion of the futures flush at over $100 million.
- The futures flush began as BTC made a sharp upward push and broke past the $42,000 level for the first time since April 2022.
- The price of the coin appears to have registered some sharp uptrend during the past day.
- This is because the various assets have gone through pullbacks since the initial surge.
Read the original article
Crypto industry ready for bull run with $100k Bitcoin predicted in 2024