Bitcoin

Million

Following the most recent decline, Bitcoin bulls have finally resurfaced, pushing the price all the way up to the $29K mark.
This has brought positivity to the entire market, but has also caused a stir in terms of liquidated leveraged positions.
<ul>
<li>The past 24 hours saw around $100 million worth of leveraged positions being liquidated, <a href="https://www.coinglass.com/LiquidationData" data-wpel-link="external" target="_blank">according</a> to data from Coinglass.</li>
<li>Naturally, the overwhelming majority of this (82%) came from short positions.</li>
<li>This happened as the BTC price exploded toward $29K, followed by the majority of the market.</li>
</ul>
<figure id="attachment_247994" aria-describedby="caption-attachment-247994" style="width: 1182px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_15-06-32.png" data-wpel-link="internal"><img class="size-full wp-image-247994" src="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_15-06-32.png" alt="BTCUSDT_2023-04-26_15-06-32" width="1182" height="491" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_15-06-32.png 1182w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_15-06-32-300x125.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_15-06-32-1024x425.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_15-06-32-768x319.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-26_15-06-32-50x21.png 50w" sizes="(max-width: 1182px) 100vw, 1182px" /></a><figcaption id="caption-attachment-247994" class="wp-caption-text">Source: TradingView</figcaption></figure>
&nbsp;
<ul>
<li>Most of the liquidations came from BTC positions ($41M), followed by ETH ($21.5M).</li>
</ul>
The post <a href="https://cryptopotato.com/100-million-in-liquidations-as-bitcoin-price-explodes-to-29k/" rel="nofollow">$100 Million in Liquidations as Bitcoin Price Explodes to $29K</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

$100 Million in Liquidations as Bitcoin Price Explodes to $29K

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