Published by
Benzinga
Benzinga
In the past 24 hours, the cryptocurrency market witnessed significant liquidations of Bitcoin (CRYPTO: BTC) shorts, with over $24 million worth being wiped out, according to the latest data from CoinGlass. What Happened: The liquidations affected a total of 26,390 traders, resulting in a staggering total liquidation value of $62.00 million. The largest single liquidation order occurred on the popular cryptocurrency exchange Bitmex, where a position valued at $5.15 million in XBT, the trading symbol for Bitcoin, was liquidated. Overall, both long and short positions totaling $32 million in Bitc…