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Massive $250 Million SHORT Liquidation Hits Crypto Market Amid Bullish Trend

By Perdana Id Post a Comment


As the cryptocurrency market shows strong bullish momentum, traders holding SHORT positions have suffered substantial losses. Recent data reveals that, in the last 24 hours alone, SHORT positions accounted for liquidations totaling $250 million (approximately Rp4 trillion). This highlights the dominance of liquidations among traders betting on a price decline.

Rp4 Trillion SHORT Positions Liquidated

Leading the liquidations, Bitcoin (BTC) alone saw a liquidation value of $161.65 million, making it the largest single contributor. Ethereum (ETH) followed, with $64.26 million in liquidations. This surge in liquidations illustrates that the price volatility of these key assets is driving significant losses for traders holding SHORT positions.

In addition to BTC and ETH, several popular altcoins also faced significant liquidation levels. Dogecoin (DOGE) recorded $30.17 million in liquidations, while Solana (SOL) followed with a liquidation value of $16.22 million.



Liquidation Data by Time Period

The following provides a breakdown of the liquidation values over various time intervals:

  • In the last hour: Total liquidations reached $7.85 million, with LONG positions making up $6.53 million and SHORT positions $1.32 million.
  • In the last 4 hours: Total liquidations amounted to $47.54 million, with LONG positions accounting for $25.45 million and SHORTs for $22.10 million.
  • In the last 12 hours: Liquidations reached $232.16 million, with SHORTs dominating at $173.81 million and LONGs totaling $58.34 million.
  • In the last 24 hours: Total liquidations were recorded at $415.02 million, with LONG positions accounting for $165.20 million and SHORTs reaching $249.82 million.

This data also reveals that the largest liquidation occurred on Binance, with a single perpetual futures BTCUSDT contract liquidation valued at $12.74 million.

The Impact of a Bullish Crypto Market on SHORT Positions

The staggering $250 million in SHORT liquidations within the past 24 hours underscores the losses experienced by traders during the ongoing crypto rally. The mass liquidation of SHORT positions suggests that a majority of traders anticipated a price correction, particularly as BTC recently reached a new all-time high. However, the continued bullish momentum caught many traders off guard, emphasizing the risks associated with attempting to time the market.

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