Ethereum

Bitcoin

The total amount of liquidations on the crypto market over the past 24 hours approached $269 million. 
Most of the forced closings were in Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), according to <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener">Coinglass</a> data. 
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 <img loading="lazy" decoding="async" width="936" height="628" src="https://crypto.news/app/uploads/2023/12/Screenshot-2023-12-06-at-12.57.29.png" alt="BTC jump to $44k cost traders almost $270m - 23" class="wp-image-14224142">
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 Source: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener">Coinglass</a>
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The sharp rise in BTC price to a new yearly high of $44,313 cost short sellers $174.91 million. Market participants who opened short positions in Ethereum also suffered significant losses – the jump in the price of the second largest cryptocurrency by capitalization to $2,300 cost them $34.21 million. 
The leaders in liquidations among altcoins were ORDI, BIGTIME and several other tokens. 
 You might also like: <a href="https://crypto.news/bitcoins-road-to-42k-how-far-will-it-go/"> Bitcoin’s road to $42k: How far will it go? </a> 
More than 90% of the liquidations were distributed among OKX, Bybit, Binance, and Huobi. The largest order was executed by OKX – the exchange closed a long BTCUSDT in the amount of $8.86 million. 
The price of BTC updated its annual maximum, exceeding $44,000. The rate of the main cryptocurrency, fueled by speculation around the imminent approval of applications for a spot Bitcoin ETF, has been growing for several weeks in a row without significant corrections. At the time of writing, BTC is trading at $43,990. 
A few days earlier, traders <a href="https://crypto.news/traders-liquidated-193m-in-crypto-amid-bitcoins-surge/">liquidated</a> almost $193 million after the BTC price crossed the $41,000 mark. The largest number of positions were liquidated on Binance. 
 You might also like: <a href="https://crypto.news/bitcoin-primed-for-100000-says-crypto-analyst/"> Bitcoin primed for $100,000 says crypto analyst </a>

BTC jump to $44k cost traders almost $270m

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