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<ul><li>A surge in cryptocurrency prices triggered $289M of liquidations, primarily short positions, affecting significant exchanges.</li><li>OKX and Binance topped the list with $106M and $86M in liquidations, marking as the most impacted exchanges.</li><li>Analyzing trading data shows a correlation between green bars (bullish days) and recent price surges in Bitcoin.</li></ul>The cryptocurrency market has experienced a notable upswing recently, with Ethereum crossing the $2,000 threshold and<a href="https://cryptotale.org/?s&#61;Bitcoin" rel="noopener noreferrer nofollow"> Bitcoin</a> getting close to $38,000. Due to a sudden increase in prices, significant liquidations of positions totaling approximately $289 million have occurred on major derivatives exchanges. Notably, a substantial majority of these liquidations, accounting for 84.8% of the total, were associated with short positions, according to data from CoinGlass and CryptoRank.io.Moreover, this trend of liquidation predominantly affected five key exchanges. OKX topped the list with $106 million in liquidations, followed closely by Binance with $86 million. HTX, Bybit, and BitMEX also experienced substantial liquidations, amounting to $36 million, $25 million, and $25 million, respectively. This data is particularly vital for traders, highlighting the exchanges most impacted by the market&#39;s sudden shift.Read full article at <a href="https://cryptotale.org/crypto-market-shakes-as-289m-positions-liquidate-report/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Market Shakes as $289M Positions Liquidate: Report

CryptoTale

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