Shiba

Bitcoin ETF

Million

Dogecoin

Shiba Inu

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<p dir="ltr">As the general crypto market ecosystem is profitable for many, with the Bitcoin (BTC)&nbsp;<a href="https://u.today/bitcoin-btc-price-just-skyrocketed-to-65000-will-ath-emerge-soon">price soaring above $65,500</a> earlier today, it has marked somewhat of a doomsday for over 90,000 traders.&nbsp;<a href="https://www.coinglass.com/LiquidationData">Data</a> from CoinGlass places the current market liquidations at $248.52 million over the past 24 hours, a trend that "rekt" short traders.</p>
<h2 id="current-liquidation-data">Current liquidation data</h2>
<p dir="ltr">Per current market data, Bitcoin’s total liquidation for the past 24 hours is now pegged at $75.79 million, with long and short liquidations coming in at $20.36 million and $55.43 million, respectively.</p>
<p dir="ltr">Ethereum ranked as the second most liquidated coin, with a total of $29.02 million liquidated. An intriguing discovery was made in the current liquidation ecosystem, with the top three meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE, significantly accounting for a total of $38.23 million.</p>
<p dir="ltr">While Bitcoin was the most liquidated digital currency, the largest single liquidation comes in at $2.45 million. The top exchanges that recorded the most liquidations include Binance, with $99.07 million worth of the total liquidation valuation.</p>
<p dir="ltr">Per the observed trend from&nbsp;<a href="https://u.today/crypto-liquidations-hit-138-million-what-happened">previous liquidation figures</a>, any sharp reversal in the price of Bitcoin in the coming days might also trigger another equally steep liquidation.</p>
<h2 id="bitcoin-growth-catalysts">Bitcoin Growth Catalysts</h2>
<p dir="ltr">Bitcoin is on a parabolic growth course, and despite currently trading at $65,387.33, is up by 4.51% in 24 hours. Many project that it is poised for more ambitious rallies.</p>
<p dir="ltr">With a likely surge to $1 million not ruled out by veterans like Samson Mow, the spot Bitcoin ETF is named by industry insiders as the key catalyst driving the price of the coin forward, with a&nbsp;<a href="https://u.today/no-bitcoin-btc-left-is-supply-shock-around-corner">strong supply shock visible</a>.&nbsp;</p>
<p dir="ltr">Overall, the supply crunch from the spot Bitcoin ETF and the deflation that the next halving will introduce will help power a new price discovery that will crest beyond the previous ATH above $68,700.</p>

Crypto Liquidations Hit $248 Million as Market Veers into 'Extreme Greed'

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