Ethereum

Bitcoin

Million

April

<ul> 
 <li>Bitcoin surges above $30,000 in the last 24 hours, resulting in the highest short position liquidation since April.</li> 
 <li>On-chain analytics platform Coinglass reports $178 million worth of short positions liquidated between June 20-21.</li> 
 <li>This is the largest short position liquidation since the $246 million liquidation in April.</li> 
</ul> 
Bitcoin’s price surge in the past 24 hours has led to a significant liquidation of short positions. According to data from on-chain analytics platform Coinglass, a total of $178 million worth of short positions were liquidated in the cryptocurrency market between June 20 and 21. 
<h2 id="bitcoin-short-position-liquidation-reaches-178-million-in-24-hours">Bitcoin Short Position Liquidation Reaches $178 Million in 24 Hours</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders.png"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-117077" src="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders.png" alt="BTCUSDT Perpetual Top Traders" width="1252" height="736" srcset="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders.png 1252w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders-300x176.png 300w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders-1024x602.png 1024w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders-768x451.png 768w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders-150x88.png 150w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders-696x409.png 696w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Top-Traders-1068x628.png 1068w" sizes="(max-width: 1252px) 100vw, 1252px"></a> 
This liquidation amount is recorded as the largest short position liquidation since the $246 million liquidation on April 14. The total liquidation amount is calculated to be $203 million, with $25 million worth of long positions liquidated. 
The current liquidation amount in the past 24 hours is reported to be $144 million for short positions and $81 million for long positions, totaling $225 million. Among the exchanges, Bitmex has the highest short position liquidation rate at 96.05%, with a total liquidation of $71 million and $49 million in short positions liquidated on Binance, which hosted the highest total liquidation and short position liquidation amount. 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio.png"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-117078" src="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio.png" alt="BTCUSDT Perpetual Long Short Ratio" width="1256" height="749" srcset="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio.png 1256w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio-300x179.png 300w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio-1024x611.png 1024w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio-768x458.png 768w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio-150x89.png 150w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio-696x415.png 696w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Perpetual-Long-Short-Ratio-1068x637.png 1068w" sizes="(max-width: 1256px) 100vw, 1256px"></a> 
Meanwhile, $82 million of the liquidation amount occurred in Bitcoin, while liquidations in Ethereum (ETH) amounted to $52 million. 
During this period, Bitcoin’s total market value reached $581 billion. The total market value of cryptocurrencies also increased by 3% to reach $1.2 trillion. 
According to CMC data, Bitcoin has gained 10% in value in the last 30 days and has experienced a 3.5% increase in the past 24 hours, currently trading at $30,101. 
The post <a rel="nofollow" href="https://en.coinotag.com/bitcoins-soaring-surge-unveils-the-biggest-loss-in-the-last-2-months-178-million-short-burst/">Bitcoin’s Soaring Surge Unveils the Biggest Loss in the Last 2 Months: $178 Million Short Burst!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Bitcoin’s Soaring Surge Unveils the Biggest Loss in the Last 2 Months: $178 Million Short Burst!

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