Bitcoin, Ethereum, Dogecoin Take Christmas Pause Amid $93M Longs Liquidation: Analyst Sees All-Time Highs For BTC In Just 2 Months On Key Indicator
Published by
Benzinga
Benzinga
Major cryptocurrencies experienced a slight dip on Christmas Eve due to the decrease in trading volume expected during the holiday season. What Happened: According to CoinGlass data, the crypto market is experiencing trouble for long traders. In the last 24 hours, a whopping $93 million of longs were liquidated, with Bitcoin longs accounting for $24 million and ETH adding up over $11 million. In total, 65,608 traders were liquidated, resulting in $145.97 million of liquidations. The biggest single liquidation order occurred on Bitmex, with an XBT-USD value of $6.15 million. Great news for Chri…