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<div class="cryptonews">
 <p class="is-style-lead">The total amount of liquidations on the crypto market over the past 24 hours approached $440 million. Most of the forced closed positions were in BTC and ETH.</p>
 <p>The rise in BTC price towards $38,000 cost short sellers $78 million. Market participants who opened short positions in Ethereum (ETH) also suffered significant losses due to the jump in the price of the second largest cryptocurrency by capitalization to the $2,000 mark, losing $52.7 million.</p>
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   Crypto market liquidations | Source: CoinGlass
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 <p>In the past 24 hours, 148,093 <a rel="noopener noreferrer nofollow" title="traders" href="https://thebittimes.com/tag/traders.html">traders</a> were liquidated, the total liquidations comes in at $435.6 million. More than 90% of the liquidations were distributed among OKX, Bybit, Binance, and Huobi.</p>
 <p>The largest order was executed by OKX. The exchange closed a long BTC/USDT in the amount of $14.76 million.</p>
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   <img decoding="async" width="1410" height="662" src="https://cdn.thebittimes.com/images/2023/11/10/fd8ae52648056167144778731b2c8f12.webp" alt="Bitcoin's surge to new annual high cost traders $440m - 2"> 
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   Liquidated positions in different cryptos | Source: CoinGlass
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 <p>Yesterday evening, the price of BTC renewed its <a rel="noopener noreferrer nofollow" title="annual" href="https://thebittimes.com/tag/annual.html">annual</a> high, approaching $38,000. At the time of writing, the main cryptocurrency is trading at $36,500.</p>
 <p>The sharp increase began against the backdrop of another wave of speculation surrounding the approval of applications for a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC).</p>
 <p>On Nov. 9, 2023, the Nasdaq exchange also filed an application to register the iShares Ethereum Trust with the US Securities and Exchange Commission.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-s-surge-to-new-annual-high-cost-traders-440m-tbt69811.html">https://thebittimes.com/bitcoin-s-surge-to-new-annual-high-cost-traders-440m-tbt69811.html</a></p>

Bitcoin’s surge to new annual high cost traders $440m

TheBitTimes

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