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Bitcoin, Ethereum, Dogecoin Rise As Crypto Shorts Face Liquidations: Analyst Predicts King Crypto Surge To $50K Pre-Halving

Published by
Benzinga

Major cryptocurrencies rose on Monday evening as cryptocurrency shorts suffered liquidation in the past 24 hours. What Happened: According to CoinGlass data, over $72.04 million in crypto shorts were liquidated within the last 24 hours. Notably, $28 million of this was from BTC shorts, with over $14 million stemming from Ethereum. Furthermore, the past 24 hours witnessed the liquidation of 34,471 traders, resulting in a total liquidation value of $102.35 million. Of particular significance is the largest single liquidation order, which took place on Bybit, involving a BTC-USDT value of $2.17 m…

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